Aris Water Solutions (NYSE:ARIS) Shares Down 3.4% - Time to Sell?

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) shares dropped 3.4% on Monday . The stock traded as low as $25.14 and last traded at $25.19. Approximately 280,251 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 616,039 shares. The stock had previously closed at $26.09.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ARIS shares. The Goldman Sachs Group reduced their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Wells Fargo & Company decreased their price target on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $26.00.

Aris Water Solutions Stock Down 1.4%

The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 31.11 and a beta of 1.70. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The company's 50 day moving average price is $24.28 and its 200 day moving average price is $26.36.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $120.49 million during the quarter, compared to analysts' expectations of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. As a group, research analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.20%. Aris Water Solutions's dividend payout ratio is currently 68.29%.

Hedge Funds Weigh In On Aris Water Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Driehaus Capital Management LLC acquired a new stake in Aris Water Solutions during the 1st quarter valued at approximately $39,880,000. Raymond James Financial Inc. purchased a new position in shares of Aris Water Solutions during the fourth quarter worth $29,663,000. First Manhattan CO. LLC. acquired a new position in Aris Water Solutions during the first quarter valued at $17,313,000. Nuveen LLC purchased a new stake in Aris Water Solutions in the first quarter valued at $11,366,000. Finally, Whittier Trust Co. boosted its holdings in Aris Water Solutions by 70,079.1% in the fourth quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock valued at $8,370,000 after purchasing an additional 348,994 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Company Profile

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.