Aris Water Solutions (NYSE:ARIS) Sees Unusually-High Trading Volume on Analyst Upgrade

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) saw unusually-high trading volume on Wednesday after The Goldman Sachs Group raised their price target on the stock from $14.50 to $16.00. The Goldman Sachs Group currently has a buy rating on the stock. Approximately 428,333 shares traded hands during mid-day trading, an increase of 56% from the previous session's volume of 273,882 shares.The stock last traded at $14.25 and had previously closed at $15.15.

Other analysts also recently issued reports about the company. TheStreet raised Aris Water Solutions from a "d+" rating to a "c-" rating in a research report on Wednesday, March 13th. Wells Fargo & Company increased their price target on Aris Water Solutions from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Thursday, March 7th. Finally, Citigroup increased their price target on Aris Water Solutions from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.79.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ARIS. BlackRock Inc. boosted its holdings in shares of Aris Water Solutions by 59.9% in the second quarter. BlackRock Inc. now owns 2,012,623 shares of the company's stock worth $20,770,000 after acquiring an additional 754,175 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Aris Water Solutions by 23.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,614,942 shares of the company's stock worth $52,092,000 after acquiring an additional 686,500 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Aris Water Solutions by 50.8% in the first quarter. Federated Hermes Inc. now owns 1,885,000 shares of the company's stock worth $34,307,000 after acquiring an additional 635,000 shares during the period. Ranger Investment Management L.P. boosted its holdings in shares of Aris Water Solutions by 41.7% in the third quarter. Ranger Investment Management L.P. now owns 2,010,487 shares of the company's stock worth $20,065,000 after acquiring an additional 592,071 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Aris Water Solutions by 3,083.3% in the first quarter. Goldman Sachs Group Inc. now owns 538,589 shares of the company's stock worth $9,802,000 after acquiring an additional 521,670 shares during the period. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Stock Down 2.6 %

The stock has a fifty day moving average price of $11.74 and a 200 day moving average price of $9.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $852.69 million, a P/E ratio of 24.59 and a beta of 1.68.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. The business had revenue of $104.13 million during the quarter, compared to analysts' expectations of $97.65 million. On average, research analysts forecast that Aris Water Solutions, Inc. will post 0.96 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.36 dividend on an annualized basis and a yield of 2.44%. Aris Water Solutions's payout ratio is 60.00%.

About Aris Water Solutions

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.