Aris Water Solutions’ (ARIS) “Neutral” Rating Reiterated at Citigroup

Citigroup reissued their neutral rating on shares of Aris Water Solutions (NYSE:ARIS) in a research report released on Wednesday, MarketBeat reports. The firm currently has a $26.00 price objective on the stock, up from their prior price objective of $18.00.

A number of other equities analysts have also recently issued reports on ARIS. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Evercore ISI upped their target price on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group upped their price objective 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. Finally, Stifel Nicolaus boosted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.17.

Aris Water Solutions Stock Performance

ARIS stock opened at $23.47 on Wednesday. Aris Water Solutions has a twelve month low of $7.74 and a twelve month high of $27.94. 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 company has a market cap of $1.37 billion, a P/E ratio of 29.34 and a beta of 1.94. The business’s fifty day moving average is $24.54 and its 200-day moving average is $19.11.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.79%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s payout ratio is 52.50%.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, insider S Corp Gable sold 31,410 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $25.04, for a total value of $786,506.40. Following the completion of the transaction, the insider now directly owns 2,599,740 shares in the company, valued at $65,097,489.60. This trade represents a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the sale, the director now owns 42,082 shares in the company, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 937,508 shares of company stock valued at $23,642,936 in the last ninety days. 23.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aris Water Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its stake in Aris Water Solutions by 1.7% in the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after acquiring an additional 758 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Aris Water Solutions by 38.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 106,356 shares of the company’s stock valued at $1,667,000 after acquiring an additional 29,310 shares during the period. ClariVest Asset Management LLC boosted its holdings in shares of Aris Water Solutions by 35.8% during the second quarter. ClariVest Asset Management LLC now owns 65,154 shares of the company’s stock worth $1,021,000 after acquiring an additional 17,164 shares during the period. American Century Companies Inc. boosted its holdings in shares of Aris Water Solutions by 140.3% during the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after acquiring an additional 284,788 shares during the period. Finally, Nicholas Investment Partners LP bought a new position in shares of Aris Water Solutions during the second quarter worth approximately $1,703,000. 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.