Aris Water Solutions, Inc. (NYSE:ARIS) Given Average Recommendation of “Moderate Buy” by Brokerages

Aris Water Solutions, Inc. (NYSE:ARIS) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $20.50.

A number of research firms have recently commented on ARIS. The Goldman Sachs Group boosted their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday. Evercore ISI boosted their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their price objective on Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

Insider Buying and Selling at Aris Water Solutions

In other news, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 22.46% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. bought a new stake in Aris Water Solutions during the 3rd quarter valued at approximately $266,000. Tidal Investments LLC bought a new stake in shares of Aris Water Solutions in the 3rd quarter worth approximately $252,000. Barclays PLC lifted its position in shares of Aris Water Solutions by 277.0% in the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after acquiring an additional 25,790 shares during the period. Geode Capital Management LLC lifted its position in shares of Aris Water Solutions by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock worth $10,450,000 after acquiring an additional 18,304 shares during the period. Finally, State Street Corp lifted its position in shares of Aris Water Solutions by 13.8% in the 3rd 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 period. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Trading Down 1.4 %

NYSE:ARIS opened at $26.86 on Friday. Aris Water Solutions has a 12-month low of $7.22 and a 12-month high of $27.90. The firm has a market capitalization of $1.56 billion, a P/E ratio of 33.58 and a beta of 1.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The business has a 50 day simple moving average of $19.24 and a 200 day simple moving average of $16.95.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.105 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.56%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 52.50%.

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.