Short Interest in Aris Water Solutions, Inc. (NYSE:ARIS) Declines By 6.6%

Aris Water Solutions, Inc. (NYSE:ARIS) saw a significant 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 short sold. Based on an average daily volume of 269,800 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. TheStreet raised Aris Water Solutions from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th. Citigroup boosted 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 increased their price objective on shares of 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. Finally, The Goldman Sachs Group boosted their target price on shares of Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.79.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ARIS. Envestnet Asset Management Inc. increased its holdings in Aris Water Solutions by 48.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 309,002 shares of the company’s stock worth $3,084,000 after acquiring an additional 100,734 shares during the period. Legato Capital Management LLC boosted its stake in Aris Water Solutions by 58.2% during the fourth quarter. Legato Capital Management LLC now owns 43,056 shares of the company’s stock valued at $361,000 after buying an additional 15,840 shares during the period. Knights of Columbus Asset Advisors LLC boosted its stake in Aris Water Solutions by 40.8% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 244,125 shares of the company’s stock valued at $2,436,000 after buying an additional 70,737 shares during the period. SG Americas Securities LLC purchased a new position in Aris Water Solutions during the third quarter worth about $122,000. Finally, Advisor Resource Council bought a new position in Aris Water Solutions in the 4th quarter worth about $192,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Price Performance

ARIS opened at $13.48 on Thursday. The firm has a market cap of $779.08 million, a P/E ratio of 22.47 and a beta of 1.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. Aris Water Solutions has a fifty-two week low of $6.69 and a fifty-two week high of $15.31. The firm has a 50-day moving average of $12.29 and a 200 day moving average of $9.84.

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 firm 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, research analysts expect that Aris Water Solutions will post 0.96 EPS for the current year.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid 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 dividend yield of 2.67%. 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.