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

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $20.83.

A number of equities research analysts have recently commented on the company. Stifel Nicolaus raised their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday. Evercore ISI raised their target price on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group raised their target price on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

Aris Water Solutions Price Performance

NYSE:ARIS opened at $24.79 on Wednesday. Aris Water Solutions has a 52 week low of $7.74 and a 52 week high of $27.94. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.44 billion, a PE ratio of 30.99 and a beta of 1.91. The stock’s 50-day moving average price is $21.92 and its 200-day moving average price is $18.05.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the transaction, the director now directly owns 42,082 shares of the company’s stock, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its stake in Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after purchasing an additional 284,788 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Aris Water Solutions in the 3rd quarter worth approximately $2,080,000. Exchange Traded Concepts LLC lifted its stake in Aris Water Solutions by 988.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after purchasing an additional 125,281 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Aris Water Solutions by 81.0% during the 3rd quarter. Martingale Asset Management L P now owns 60,582 shares of the company’s stock worth $1,022,000 after buying an additional 27,109 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Aris Water Solutions during the 2nd quarter worth approximately $765,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

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.