Aris Water Solutions, Inc. (NYSE:ARIS) Receives Consensus Rating of “Hold” from Analysts

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $27.00.

A number of research firms have commented on ARIS. Stifel Nicolaus lifted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group boosted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. 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. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th.

Insiders Place Their Bets

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $25.81, for a total value of $83,202,922.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the transaction, the insider now directly owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,159,678 shares of company stock valued at $106,807,774. 23.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Aris Water Solutions by 3.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock valued at $65,218,000 after buying an additional 81,413 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Aris Water Solutions in the fourth quarter valued at approximately $29,663,000. Wellington Management Group LLP increased its stake in shares of Aris Water Solutions by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock valued at $23,112,000 after buying an additional 9,395 shares during the period. State Street Corp increased its stake in shares of Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after buying an additional 80,490 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in shares of Aris Water Solutions in the third quarter valued at approximately $10,828,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Trading Up 1.9 %

ARIS stock opened at $31.56 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The company has a fifty day moving average price of $26.84 and a two-hundred day moving average price of $22.23. Aris Water Solutions has a one year low of $10.56 and a one year high of $32.00. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 39.46 and a beta of 1.94.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 1.77%. Aris Water Solutions’s payout ratio is presently 70.00%.

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.