Aris Water Solutions (NYSE:ARIS) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Aris Water Solutions (NYSE:ARIS) from a hold rating to a sell rating in a report released on Friday.

ARIS has been the topic of several other reports. Citigroup restated a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Stifel Nicolaus boosted 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. Finally, Wells Fargo & Company raised their price target on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.00.

Aris Water Solutions Price Performance

Shares of ARIS opened at $25.28 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $28.89 and its 200 day simple moving average is $24.70. Aris Water Solutions has a 1-year low of $12.44 and a 1-year high of $33.95. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 31.60 and a beta of 1.81.

Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.14 dividend. The ex-dividend date was Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 2.22%. Aris Water Solutions’s payout ratio is 70.00%.

Insider Buying and Selling at Aris Water Solutions

In other news, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the sale, the insider now directly owns 58,228 shares in the company, valued at approximately $1,781,776.80. The trade was a 12.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total value of $289,200.00. Following the completion of the sale, the chief accounting officer now owns 44,827 shares of the company’s stock, valued at approximately $1,296,396.84. This trade represents a 18.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,604 shares of company stock valued at $29,817,145 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 added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth $27,000. Larson Financial Group LLC bought a new stake in Aris Water Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new stake in Aris Water Solutions during the fourth quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Aris Water Solutions in the 4th quarter valued at about $52,000. Finally, Meeder Asset Management Inc. raised its position in shares of Aris Water Solutions by 74.5% in the 4th quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company’s stock valued at $97,000 after buying an additional 1,726 shares in the last quarter. 39.71% of the stock is 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.