Aris Water Solutions (NYSE:ARIS) Rating Lowered to “Moderate Buy” at US Capital Advisors

Aris Water Solutions (NYSE:ARIS) was downgraded by research analysts at US Capital Advisors from a “strong-buy” rating to a “moderate buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Evercore ISI lifted their target price on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Stifel Nicolaus upped their price target on Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Aris Water Solutions Price Performance

ARIS opened at $26.86 on Tuesday. The stock has a 50-day moving average price of $19.24 and a 200-day moving average price of $16.95. 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 firm has a market cap of $1.56 billion, a PE ratio of 33.58 and a beta of 1.62. Aris Water Solutions has a 1 year low of $7.22 and a 1 year high of $27.90.

Insiders Place Their Bets

In related news, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the transaction, the director now directly owns 42,082 shares in the company, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. purchased a new position in shares of Aris Water Solutions during the 3rd quarter valued at $10,828,000. American Century Companies Inc. lifted its position in shares of Aris Water Solutions by 140.3% in the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after acquiring an additional 284,788 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after acquiring an additional 139,259 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Aris Water Solutions by 988.8% during the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after purchasing an additional 125,281 shares in the last quarter. Finally, Nicholas Investment Partners LP bought a new stake in Aris Water Solutions during the 2nd quarter valued at approximately $1,703,000. Institutional investors own 39.71% of the company’s stock.

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.