Aris Water Solutions, Inc. (NYSE:ARIS) Receives $27.00 Average Price Target from Brokerages

Aris Water Solutions, Inc. (NYSE:ARIS) has been given an average rating of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $27.00.

Several brokerages have recently issued reports on ARIS. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price objective for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Stifel Nicolaus boosted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company lifted their target price on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th.

Aris Water Solutions Stock Performance

ARIS opened at $28.68 on Monday. 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 $27.02 and its two-hundred day moving average price is $22.42. The firm has a market capitalization of $1.67 billion, a P/E ratio of 35.85 and a beta of 1.94. Aris Water Solutions has a 12-month low of $11.32 and a 12-month high of $32.56.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, March 13th. Aris Water Solutions’s payout ratio is 70.00%.

Insider Buying and Selling

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider S Corp Gable sold 331,181 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the completion of the sale, the insider now directly owns 2,268,559 shares in the company, valued at approximately $57,076,944.44. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,159,678 shares of company stock valued at $106,807,774 over the last quarter. Corporate insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in shares of Aris Water Solutions by 3.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock worth $65,218,000 after buying an additional 81,413 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Aris Water Solutions during the 4th quarter worth approximately $29,663,000. Wellington Management Group LLP increased its holdings in Aris Water Solutions by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock valued at $23,112,000 after purchasing an additional 9,395 shares in the last quarter. State Street Corp raised its position in Aris Water Solutions by 13.8% in the 3rd quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after purchasing an additional 80,490 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new position in Aris Water Solutions in the 3rd quarter valued at $10,828,000. 39.71% of the stock is owned by 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.