Aris Water Solutions (NYSE:ARIS) Downgraded to “Moderate Buy” Rating by US Capital Advisors

US Capital Advisors cut shares of Aris Water Solutions (NYSE:ARIS) from a strong-buy rating to a moderate buy rating in a report issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently weighed in on ARIS. Stifel Nicolaus upped their price target on shares of Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Evercore ISI lifted their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Aris Water Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Aris Water Solutions Trading Up 0.7 %

Shares of Aris Water Solutions stock opened at $27.23 on Tuesday. The business has a fifty day simple moving average of $19.03 and a 200-day simple moving average of $16.88. Aris Water Solutions has a fifty-two week low of $7.22 and a fifty-two week high of $27.64. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 34.04 and a beta of 1.62. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.105 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.54%. Aris Water Solutions’s payout ratio is currently 52.50%.

Insider Transactions at Aris Water Solutions

In related news, Director Debra Coy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the sale, the director now directly owns 42,082 shares in the company, valued at approximately $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its stake in shares of Aris Water Solutions by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after buying an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions in the second quarter valued at approximately $27,000. Kings Path Partners LLC grew its position in Aris Water Solutions by 2.6% in the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock worth $1,134,000 after acquiring an additional 1,735 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Aris Water Solutions by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock worth $313,000 after purchasing an additional 1,902 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Aris Water Solutions during the 3rd quarter valued at $39,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Company Profile

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.