JPMorgan Chase & Co. Downgrades Aris Water Solutions (NYSE:ARIS) to Neutral

JPMorgan Chase & Co. lowered shares of Aris Water Solutions (NYSE:ARIS) from an overweight rating to a neutral rating in a report released on Wednesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $22.00 price target on the stock, up from their previous price target of $19.00.

Separately, US Capital Advisors raised Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Aris Water Solutions Price Performance

Shares of ARIS stock opened at $23.65 on Wednesday. Aris Water Solutions has a 1-year low of $7.22 and a 1-year high of $23.71. The stock’s 50-day moving average is $16.91 and its 200 day moving average is $16.06. The company has a market cap of $1.37 billion, a P/E ratio of 29.56 and a beta of 1.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.30.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Insider Transactions at Aris Water Solutions

In other news, COO Brunt David Dylan Van sold 14,813 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the transaction, the chief operating officer now directly owns 94,690 shares in the company, valued at $1,405,199.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ARIS. Inspire Investing LLC purchased a new position in shares of Aris Water Solutions in the first quarter worth about $359,000. Clearbridge Investments LLC raised its position in Aris Water Solutions by 7.2% during the first quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock valued at $8,237,000 after acquiring an additional 39,145 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Aris Water Solutions during the first quarter valued at approximately $166,000. Lazard Asset Management LLC purchased a new position in Aris Water Solutions during the first quarter valued at approximately $222,000. Finally, Price T Rowe Associates Inc. MD raised its position in Aris Water Solutions by 9.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock valued at $313,000 after acquiring an additional 1,902 shares in the last quarter. 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.