Aris Water Solutions, Inc. (NYSE:ARIS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have earned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $27.00.

Several brokerages have issued reports on ARIS. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group boosted their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company boosted their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Stifel Nicolaus boosted 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. Finally, Citigroup restated a “neutral” rating and set a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th.

Aris Water Solutions Stock Performance

Shares of ARIS opened at $26.76 on Monday. The firm has a market cap of $1.56 billion, a PE ratio of 33.44 and a beta of 1.88. The stock’s fifty day moving average price is $27.17 and its two-hundred day moving average price is $22.65. 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 1 year low of $11.89 and a 1 year high of $32.56.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.14 dividend. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, March 13th. Aris Water Solutions’s dividend payout ratio is presently 70.00%.

Insider Transactions at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 38,739 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction dated 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. In the last three months, insiders sold 4,159,678 shares of company stock worth $106,807,774. 23.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aris Water Solutions

Several institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp purchased a new stake in Aris Water Solutions during the 4th quarter valued at about $533,000. Voloridge Investment Management LLC bought a new position in Aris Water Solutions during the 4th quarter valued at approximately $358,000. Westwood Holdings Group Inc. bought a new position in Aris Water Solutions during the 4th quarter valued at approximately $332,000. Squarepoint Ops LLC bought a new position in Aris Water Solutions during the 4th quarter valued at approximately $1,569,000. Finally, Two Sigma Advisers LP bought a new position in Aris Water Solutions during the 4th quarter valued at approximately $220,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

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.