Aris Water Solutions (NYSE:ARIS) Downgraded by JPMorgan Chase & Co. to “Neutral”

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

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

Aris Water Solutions Stock Up 6.4 %

NYSE ARIS opened at $23.65 on Wednesday. The business has a fifty day moving average price of $16.91 and a 200 day moving average price of $16.06. Aris Water Solutions has a one year low of $7.22 and a one year high of $23.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.30 and a current ratio of 1.72. The company has a market cap of $1.37 billion, a P/E ratio of 29.56 and a beta of 1.62.

Aris Water Solutions Dividend Announcement

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

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $14.84, for a total transaction of $219,824.92. Following the completion of the transaction, the chief operating officer now owns 94,690 shares in the company, valued at approximately $1,405,199.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions during the 2nd quarter valued at $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Aris Water Solutions in the third quarter valued at $39,000. New York State Teachers Retirement System boosted its stake in shares of Aris Water Solutions by 2,346.0% during the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after acquiring an additional 2,346 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Aris Water Solutions during the 2nd quarter worth about $46,000. Finally, Point72 Asset Management L.P. acquired a new position in Aris Water Solutions in the 2nd quarter valued at about $82,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.