StockNews.com Downgrades Aris Water Solutions (NYSE:ARIS) to Sell

Aris Water Solutions (NYSE:ARIS) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

A number of other brokerages have also commented on ARIS. Stifel Nicolaus lifted their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group upped 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. Citigroup reiterated a “neutral” rating and set a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their price objective 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 given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.00.

Aris Water Solutions Stock Up 0.3 %

Shares of ARIS opened at $24.69 on Thursday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 30.86 and a beta of 1.81. Aris Water Solutions has a 52 week low of $13.24 and a 52 week high of $33.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a fifty day moving average of $28.72 and a 200-day moving average of $24.98.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, insider Nicholas A. Patterson sold 8,299 shares of the firm’s stock in a transaction 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. This trade represents a 12.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,604 shares of company stock valued at $29,817,145. Corporate insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several large investors have recently made changes to their positions in ARIS. GAMMA Investing LLC boosted its holdings in Aris Water Solutions by 4,584.0% in the first quarter. GAMMA Investing LLC now owns 29,509 shares of the company’s stock worth $921,000 after acquiring an additional 28,879 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Aris Water Solutions by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock worth $23,112,000 after purchasing an additional 9,395 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Aris Water Solutions in the 4th quarter valued at $533,000. Voloridge Investment Management LLC bought a new stake in Aris Water Solutions during the 4th quarter valued at $358,000. Finally, Westwood Holdings Group Inc. bought a new stake in Aris Water Solutions during the 4th quarter valued at $332,000. 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.