Aris Water Solutions, Inc. (NYSE:ARIS) Given Average Recommendation of “Moderate Buy” by Analysts

Aris Water Solutions, Inc. (NYSE:ARIS) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $26.17.

Several brokerages recently weighed in on ARIS. Stifel Nicolaus boosted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price target for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Evercore ISI upped their target price on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Citigroup restated a “neutral” rating and set a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, major shareholder S Corp Gable sold 57,731 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.55, for a total value of $1,475,027.05. Following the completion of the sale, the insider now owns 3,165,939 shares of the company’s stock, valued at approximately $80,889,741.45. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the transaction, the director now directly owns 42,082 shares in the company, valued at $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 937,508 shares of company stock valued at $23,642,936 in the last quarter. 23.06% of the stock is currently owned by company insiders.

Institutional Trading of Aris Water Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its position in Aris Water Solutions by 277.0% in the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after acquiring an additional 25,790 shares in the last quarter. State Street Corp lifted its holdings in shares of Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after purchasing an additional 80,490 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Aris Water Solutions by 66.2% in the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after purchasing an additional 8,499 shares in the last quarter. Franklin Resources Inc. bought a new stake in Aris Water Solutions during the third quarter worth $266,000. Finally, American Century Companies Inc. grew its holdings in Aris Water Solutions by 140.3% during the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after buying an additional 284,788 shares in the last quarter. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Trading Up 5.6 %

Shares of ARIS stock opened at $24.65 on Friday. Aris Water Solutions has a twelve month low of $7.74 and a twelve month high of $27.94. The stock’s fifty day simple moving average is $24.85 and its 200 day simple moving average is $19.23. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.44 billion, a P/E ratio of 30.81 and a beta of 1.94.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s payout ratio is 52.50%.

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.