Aris Water Solutions (NYSE:ARIS) Trading Down 4.2% - Here's What Happened

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report)'s share price fell 4.2% during trading on Thursday . The stock traded as low as $22.82 and last traded at $22.62. 150,956 shares were traded during mid-day trading, a decline of 75% from the average session volume of 594,419 shares. The stock had previously closed at $23.61.

Wall Street Analyst Weigh In

ARIS has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $26.00.

Aris Water Solutions Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The business has a 50 day moving average price of $25.40 and a 200-day moving average price of $26.51. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.48 and a beta of 1.85.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $120.49 million during the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. Research analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions's payout ratio is currently 68.29%.

Insider Transactions at Aris Water Solutions

In other news, COO Brunt David Dylan Van sold 32,305 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total transaction of $973,995.75. Following the completion of the sale, the chief operating officer now owns 85,656 shares in the company, valued at $2,582,528.40. This trade represents a 27.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,070,604 shares of company stock worth $29,817,145 in the last quarter. 37.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank lifted its holdings in Aris Water Solutions by 64.4% during the first quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $41,000 after purchasing an additional 495 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Aris Water Solutions by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock valued at $365,000 after buying an additional 557 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Aris Water Solutions by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 79,589 shares of the company's stock worth $2,550,000 after buying an additional 642 shares during the period. Quarry LP bought a new position in Aris Water Solutions in the 4th quarter worth approximately $27,000. Finally, Larson Financial Group LLC purchased a new position in Aris Water Solutions in the 4th quarter valued at approximately $28,000. Institutional investors 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.