Citigroup Reiterates Neutral Rating for Aris Water Solutions (NYSE:ARIS)

Citigroup restated their neutral rating on shares of Aris Water Solutions (NYSE:ARIS) in a research report report published on Wednesday morning, MarketBeat Ratings reports. The firm currently has a $26.00 target price on the stock, up from their previous target price of $18.00.

A number of other research firms have also commented on ARIS. Stifel Nicolaus lifted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Wells Fargo & Company lifted their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. 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. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price target for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Finally, US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.17.

Aris Water Solutions Price Performance

Shares of ARIS opened at $24.65 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 market capitalization of $1.44 billion, a P/E ratio of 30.81 and a beta of 1.94. The firm has a 50 day moving average of $24.68 and a 200 day moving average of $19.14. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s payout ratio is currently 52.50%.

Insider Transactions at Aris Water Solutions

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers increased its stake in Aris Water Solutions by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after buying an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions in the second quarter worth about $27,000. Kings Path Partners LLC grew its position in shares of Aris Water Solutions by 2.6% during the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock worth $1,134,000 after purchasing an additional 1,735 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Aris Water Solutions during the 3rd quarter valued at approximately $39,000. Finally, New York State Teachers Retirement System raised its stake in Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after purchasing an additional 2,346 shares during the period. 39.71% of the stock is currently 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.