Brokerages Set Aris Water Solutions, Inc. (NYSE:ARIS) Price Target at $26.00

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.00.

ARIS has been the topic of several recent research reports. Wells Fargo & Company lowered 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 note on Thursday, May 8th. Citigroup restated a “neutral” rating on shares of Aris Water Solutions in a research report on Monday, May 12th. 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 for the company in a report on Thursday, May 8th. Finally, StockNews.com cut Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th.

Insider Activity at Aris Water Solutions

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $27.70, for a total transaction of $27,700,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicholas A. Patterson sold 8,299 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the sale, the insider now owns 58,228 shares in the company, valued at approximately $1,781,776.80. This trade represents a 12.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,070,604 shares of company stock worth $29,817,145 in the last three months. 37.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aris Water Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC raised its stake in Aris Water Solutions by 277.0% in the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after buying an additional 25,790 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Aris Water Solutions by 6.1% during the 4th quarter. New York State Common Retirement Fund now owns 115,782 shares of the company’s stock worth $2,773,000 after acquiring an additional 6,700 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Aris Water Solutions during the 4th quarter worth about $279,000. Principal Financial Group Inc. boosted its position in shares of Aris Water Solutions by 10.4% during the 4th quarter. Principal Financial Group Inc. now owns 33,635 shares of the company’s stock worth $806,000 after acquiring an additional 3,179 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Aris Water Solutions by 477.2% in the 4th quarter. Sei Investments Co. now owns 60,102 shares of the company’s stock valued at $1,439,000 after acquiring an additional 49,690 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Trading Down 1.0%

ARIS stock opened at $22.84 on Friday. Aris Water Solutions has a 12-month low of $13.34 and a 12-month high of $33.95. The business’s 50-day moving average is $26.78 and its 200 day moving average is $26.48. 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 stock has a market cap of $1.34 billion, a price-to-earnings ratio of 28.55 and a beta of 1.85.

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

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a $0.14 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.45%. Aris Water Solutions’s payout ratio is presently 68.29%.

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.