Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Update

Aris Water Solutions, Inc. (NYSE:ARIS) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 877,500 shares, a decline of 6.6% from the March 15th total of 939,200 shares. Currently, 3.6% of the company’s shares are sold short. Based on an average daily trading volume, of 269,800 shares, the days-to-cover ratio is currently 3.3 days.

Aris Water Solutions Stock Down 1.4 %

ARIS stock traded down $0.19 during midday trading on Tuesday, reaching $13.88. The company had a trading volume of 66,906 shares, compared to its average volume of 278,477. Aris Water Solutions has a 1 year low of $6.69 and a 1 year high of $15.31. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $802.13 million, a P/E ratio of 23.45 and a beta of 1.68. The company has a 50 day moving average of $12.09 and a two-hundred day moving average of $9.78.

Aris Water Solutions (NYSE:ARIS) last released its earnings results 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). The company had revenue of $104.13 million during the quarter, compared to analysts’ expectations of $97.65 million. Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. On average, equities research analysts expect that Aris Water Solutions will post 0.96 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.59%. Aris Water Solutions’s dividend payout ratio is currently 60.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ARIS. Bank of New York Mellon Corp raised its holdings in shares of Aris Water Solutions by 40.8% during the 1st quarter. Bank of New York Mellon Corp now owns 58,716 shares of the company’s stock valued at $1,068,000 after purchasing an additional 17,028 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Aris Water Solutions in the 1st quarter valued at $227,000. Metropolitan Life Insurance Co NY acquired a new position in Aris Water Solutions in the 1st quarter valued at $30,000. Rhumbline Advisers grew its position in Aris Water Solutions by 54.2% in the 1st quarter. Rhumbline Advisers now owns 21,932 shares of the company’s stock worth $399,000 after purchasing an additional 7,705 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Aris Water Solutions by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 878,672 shares of the company’s stock worth $15,992,000 after purchasing an additional 27,329 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

ARIS has been the topic of several research analyst reports. Citigroup lifted their price objective on Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Wells Fargo & Company boosted their price target on Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. TheStreet raised Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Finally, The Goldman Sachs Group boosted their price target on Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $11.79.

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.