Aris Water Solutions (NYSE:ARIS) Receives Neutral Rating from Citigroup

Aris Water Solutions (NYSE:ARIS)‘s stock had its “neutral” rating reaffirmed by research analysts at Citigroup in a report issued on Wednesday, Marketbeat reports. They currently have a $26.00 price objective on the stock, up from their prior price objective of $18.00. Citigroup’s price target suggests a potential upside of 10.22% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Evercore ISI increased their target price on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus increased their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.17.

Aris Water Solutions Trading Down 5.4 %

Shares of NYSE:ARIS opened at $23.59 on Wednesday. Aris Water Solutions has a 1 year low of $7.74 and a 1 year high of $27.94. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 29.49 and a beta of 1.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The business’s 50 day moving average price is $24.40 and its 200-day moving average price is $19.08.

Insiders Place Their Bets

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 42,082 shares of the company’s stock, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the sale, the insider now directly owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 574,917 shares of company stock valued at $14,523,915 in the last three months. 23.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors have recently bought and sold shares of the company. State Street Corp grew its position in Aris Water Solutions by 13.8% in the 3rd quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after acquiring an additional 80,490 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Aris Water Solutions in the 3rd quarter valued at about $10,828,000. Geode Capital Management LLC lifted its stake in Aris Water Solutions by 3.0% during the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock worth $10,450,000 after purchasing an additional 18,304 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Aris Water Solutions by 32.8% during the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after purchasing an additional 139,259 shares during the last quarter. Finally, Wasatch Advisors LP lifted its stake in Aris Water Solutions by 4.7% in the third quarter. Wasatch Advisors LP now owns 523,533 shares of the company’s stock valued at $8,832,000 after buying an additional 23,594 shares during the last quarter. 39.71% of the stock is 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.