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

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

Analyst Ratings Changes

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

Aris Water Solutions Stock Down 3.4 %

Shares of NYSE:ARIS opened at $13.48 on Thursday. 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 cap of $779.08 million, a price-to-earnings ratio of 22.47 and a beta of 1.68. The company has a 50 day moving average of $12.29 and a 200-day moving average of $9.84. Aris Water Solutions has a one year low of $6.69 and a one year high of $15.31.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 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 company had revenue of $104.13 million for the quarter, compared to analyst estimates of $97.65 million. On average, sell-side analysts forecast that Aris Water Solutions will post 0.96 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders 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 annualized dividend and a yield of 2.67%. Aris Water Solutions’s dividend payout ratio is presently 60.00%.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. American International Group Inc. boosted its stake in Aris Water Solutions by 6.7% in the 2nd quarter. American International Group Inc. now owns 10,306 shares of the company’s stock worth $172,000 after purchasing an additional 644 shares during the period. Legal & General Group Plc grew its holdings in shares of Aris Water Solutions by 39.8% during the second quarter. Legal & General Group Plc now owns 2,430 shares of the company’s stock worth $41,000 after buying an additional 692 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Aris Water Solutions by 64.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,469 shares of the company’s stock valued at $25,000 after buying an additional 965 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Aris Water Solutions by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 60,580 shares of the company’s stock valued at $873,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Aris Water Solutions by 4.6% in the 1st quarter. Rhumbline Advisers now owns 29,081 shares of the company’s stock valued at $227,000 after acquiring an additional 1,282 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.