Brokerages Set Aris Water Solutions, Inc. (NYSE:ARIS) Target Price at $26.17

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been assigned an average rating of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $26.50.

ARIS has been the subject of several analyst reports. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the company from $25.00 to $27.00 in a report on Wednesday. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Wells Fargo & Company upped their price target on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group upped their price target on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th.

Insider Buying and Selling at Aris Water Solutions

In other news, major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $77,886,802.14. This represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 owns 42,082 shares of the company’s stock, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 937,508 shares of company stock valued at $23,642,936 over the last quarter. 22.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aris Water Solutions

Large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Aris Water Solutions in the second quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new position in Aris Water Solutions in the third quarter worth approximately $39,000. New York State Teachers Retirement System grew its position in Aris Water Solutions by 2,346.0% in the third 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 period. Point72 Asset Management L.P. purchased a new position in Aris Water Solutions in the second quarter worth approximately $82,000. Finally, Algert Global LLC purchased a new position in Aris Water Solutions in the second quarter worth approximately $199,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $28.67 on Friday. The stock has a market cap of $1.67 billion, a PE ratio of 35.83 and a beta of 1.94. The business has a 50-day simple moving average of $25.32 and a 200-day simple moving average of $19.50. 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 has a 52-week low of $7.74 and a 52-week high of $29.90.

Aris Water Solutions Dividend Announcement

The company also recently announced 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. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.47%. 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.