Brokerages Set Aris Water Solutions, Inc. (NYSE:ARIS) Price Target at $20.83

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $24.83.

Several equities research analysts recently issued reports on ARIS shares. Wells Fargo & Company upped their price target on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. 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. Finally, Stifel Nicolaus lifted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th.

Aris Water Solutions Trading Up 2.6 %

Shares of NYSE ARIS opened at $25.24 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average price is $22.64 and its two-hundred day moving average price is $18.38. Aris Water Solutions has a 52-week low of $7.74 and a 52-week high of $27.94. The stock has a market capitalization of $1.47 billion, a P/E ratio of 31.55 and a beta of 1.91.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders 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 1.66%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the transaction, the director now owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. This trade represents a 3.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $969,637.17. Following the completion of the sale, the insider now directly owns 3,111,738 shares of the company’s stock, valued at approximately $77,886,802.14. This represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,970 shares of company stock worth $2,482,749. Company insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in Aris Water Solutions during the third quarter valued at about $514,000. Lord Abbett & CO. LLC boosted its position in shares of Aris Water Solutions by 4.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company’s stock valued at $5,940,000 after purchasing an additional 13,676 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Aris Water Solutions in the 3rd quarter worth approximately $266,000. Tidal Investments LLC bought a new stake in shares of Aris Water Solutions in the 3rd quarter worth approximately $252,000. Finally, Barclays PLC lifted its stake in Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after purchasing an additional 25,790 shares during the last quarter. 39.71% of the stock is currently 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.