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

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

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group cut their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.00.

Aris Water Solutions Stock Down 2.1%

Shares of Aris Water Solutions stock opened at $23.16 on Tuesday. 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 $27.08 and its two-hundred day simple moving average is $26.25. The company has a market cap of $1.35 billion, a P/E ratio of 28.95 and a beta of 1.85. Aris Water Solutions has a 12-month low of $13.34 and a 12-month high of $33.95.

Aris Water Solutions (NYSE:ARIS) last released its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. Research analysts anticipate that Aris Water Solutions will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions’s dividend payout ratio is currently 68.29%.

Insider Buying and Selling at Aris Water Solutions

In other news, COO Brunt David Dylan Van sold 32,305 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total value of $973,995.75. Following the transaction, the chief operating officer now owns 85,656 shares in the company, valued at $2,582,528.40. This represents a 27.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas A. Patterson sold 8,299 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the completion of the transaction, the insider now owns 58,228 shares in the company, valued at $1,781,776.80. This trade represents a 12.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,070,604 shares of company stock worth $29,817,145. Company insiders own 37.84% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors have recently made changes to their positions in ARIS. Driehaus Capital Management LLC bought a new position in shares of Aris Water Solutions in the 1st quarter worth approximately $39,880,000. Raymond James Financial Inc. bought a new position in shares of Aris Water Solutions in the 4th quarter worth approximately $29,663,000. First Manhattan CO. LLC. bought a new position in shares of Aris Water Solutions in the 1st quarter worth approximately $17,313,000. Nuveen LLC bought a new stake in Aris Water Solutions during the 1st quarter worth approximately $11,366,000. Finally, Whittier Trust Co. raised its stake in Aris Water Solutions by 70,079.1% during the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock worth $8,370,000 after acquiring an additional 348,994 shares during the period. Institutional investors own 39.71% of the company’s stock.

About Aris Water Solutions

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.