Aris Water Solutions, Inc. (NYSE:ARIS) Receives $27.00 Consensus PT from Analysts

Aris Water Solutions, Inc. (NYSE:ARIS) has been assigned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $27.00.

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price target 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. Wells Fargo & Company lifted their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their target price for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Stifel Nicolaus lifted their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Citigroup reiterated a “neutral” rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th.

Aris Water Solutions Stock Down 4.2 %

Shares of NYSE ARIS opened at $31.68 on Friday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 39.60 and a beta of 1.88. Aris Water Solutions has a 52 week low of $12.44 and a 52 week high of $33.95. The firm has a 50-day moving average price of $28.78 and a 200 day moving average price of $24.21. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.77%. Aris Water Solutions’s payout ratio is 70.00%.

Insider Activity at Aris Water Solutions

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $28.92, for a total value of $289,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,827 shares in the company, valued at approximately $1,296,396.84. This represents a 18.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Brunt David Dylan Van sold 32,305 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total value of $973,995.75. Following the completion of the sale, the chief operating officer now directly owns 85,656 shares in the company, valued at approximately $2,582,528.40. The trade was a 27.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,433,195 shares of company stock valued at $38,936,166. Company insiders own 22.46% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in shares of Aris Water Solutions by 3.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock valued at $65,218,000 after buying an additional 81,413 shares during the period. Raymond James Financial Inc. acquired a new position in Aris Water Solutions in the fourth quarter valued at $29,663,000. Wellington Management Group LLP grew its position in Aris Water Solutions by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock valued at $23,112,000 after acquiring an additional 9,395 shares during the period. State Street Corp increased its stake in Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after acquiring an additional 80,490 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Aris Water Solutions by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company’s stock worth $15,357,000 after acquiring an additional 8,844 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.