Aris Water Solutions, Inc. (NYSE:ARIS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $26.17.

A number of analysts recently commented on the company. Citigroup reiterated a “neutral” rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Evercore ISI raised their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company boosted their target price on shares of Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th.

Insider Buying and Selling

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

Institutional Trading of Aris Water Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ARIS. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions in the second quarter worth $27,000. Meeder Asset Management Inc. bought a new position in Aris Water Solutions in the 3rd quarter worth about $39,000. New York State Teachers Retirement System increased its stake in Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after acquiring an additional 2,346 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Aris Water Solutions in the 2nd quarter valued at about $82,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Aris Water Solutions during the 3rd quarter valued at about $2,080,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Water Solutions Trading Up 5.6 %

NYSE:ARIS opened at $24.65 on Friday. Aris Water Solutions has a 52 week low of $7.74 and a 52 week high of $27.94. The firm has a 50-day moving average price of $24.85 and a two-hundred day moving average price of $19.23. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 30.81 and a beta of 1.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid 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 currently 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.