Aris Water Solutions, Inc. (NYSE:ARIS) Receives Average Recommendation of “Hold” from Brokerages

Aris Water Solutions, Inc. (NYSE:ARIS) has earned an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $27.00.

Several research analysts have recently issued reports on the company. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Wells Fargo & Company increased their target price on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Stifel Nicolaus increased their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Citigroup reissued a “neutral” rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group increased their target price 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.

Aris Water Solutions Trading Up 0.7 %

ARIS opened at $26.76 on Monday. The business has a 50 day simple moving average of $27.17 and a two-hundred day simple moving average of $22.65. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 33.44 and a beta of 1.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions has a one year low of $11.89 and a one year high of $32.56.

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio (DPR) is 70.00%.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, major shareholder S Corp Gable sold 38,739 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total transaction of $969,637.17. Following the sale, the insider now directly owns 3,111,738 shares in the company, valued at approximately $77,886,802.14. This trade represents a 1.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The disclosure for this sale can be found here. Insiders sold a total of 4,159,678 shares of company stock valued at $106,807,774 in the last 90 days. Corporate insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several institutional investors have recently added to or reduced their stakes in ARIS. International Assets Investment Management LLC purchased a new stake in Aris Water Solutions during the 3rd quarter valued at $2,080,000. New York State Teachers Retirement System boosted its stake in shares of 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 buying an additional 2,346 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Aris Water Solutions in the 3rd quarter worth $514,000. Meeder Asset Management Inc. purchased a new position in shares of Aris Water Solutions in the 3rd quarter worth $39,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Aris Water Solutions by 53.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company’s stock worth $355,000 after buying an additional 7,281 shares during the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

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.