Aris Water Solutions (NYSE:ARIS) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of Aris Water Solutions (NYSE:ARIS) from a hold rating to a sell rating in a report released on Friday morning.

A number of other analysts have also recently commented on the company. The Goldman Sachs Group lifted 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. Stifel Nicolaus increased their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Wells Fargo & Company lifted their price objective on shares of 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. Citigroup reissued a “neutral” rating and set a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.00.

Aris Water Solutions Trading Down 12.3 %

NYSE ARIS opened at $25.28 on Friday. The firm’s fifty day moving average price is $28.89 and its 200 day moving average price is $24.59. Aris Water Solutions has a 12 month low of $12.44 and a 12 month high of $33.95. 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 market capitalization of $1.48 billion, a price-to-earnings ratio of 31.60 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.14 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 2.22%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio (DPR) is presently 70.00%.

Insiders Place Their Bets

In related news, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the sale, the insider now directly owns 58,228 shares in the company, valued at $1,781,776.80. The trade was a 12.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider S Corp Gable sold 331,181 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.16, for a total value of $8,332,513.96. Following the completion of the transaction, the insider now owns 2,268,559 shares of the company’s stock, valued at $57,076,944.44. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,401,785 shares of company stock worth $38,149,659. Company insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after acquiring an additional 216,158 shares during the period. Barclays PLC increased its stake in Aris Water Solutions by 277.0% in the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after purchasing an additional 25,790 shares in the last quarter. State Street Corp raised its holdings in Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after purchasing an additional 80,490 shares during the last quarter. HighTower Advisors LLC boosted its position in Aris Water Solutions by 66.2% during the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock worth $361,000 after purchasing an additional 8,499 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in Aris Water Solutions in the third quarter valued at $266,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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.