Stifel Nicolaus Increases Aris Water Solutions (NYSE:ARIS) Price Target to $28.00

Aris Water Solutions (NYSE:ARIS) had its price target boosted by equities researchers at Stifel Nicolaus from $26.00 to $28.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 20.02% from the stock’s current price.

A number of other equities research analysts also recently commented on ARIS. JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Evercore ISI boosted their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. US Capital Advisors cut shares of 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 lifted their price target on shares of Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.

Aris Water Solutions Stock Down 5.9 %

ARIS stock opened at $23.33 on Tuesday. Aris Water Solutions has a one year low of $7.74 and a one year high of $27.94. The firm has a market cap of $1.36 billion, a PE ratio of 29.16 and a beta of 1.91. The firm’s 50 day moving average price is $22.05 and its 200-day moving average price is $18.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Insiders Place Their Bets

In related news, Director Debra Coy sold 1,500 shares of the company’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 transaction of $38,085.00. Following the sale, the director now directly owns 42,082 shares of the company’s stock, valued at $1,068,461.98. This represents a 3.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder S Corp Gable sold 57,731 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the sale, the insider now owns 3,165,939 shares in the company, valued at approximately $80,889,741.45. This trade represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.46% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp raised its holdings in Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after acquiring an additional 80,490 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Aris Water Solutions during the third quarter worth $10,828,000. Geode Capital Management LLC raised its stake in Aris Water Solutions by 3.0% in the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock valued at $10,450,000 after buying an additional 18,304 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after buying an additional 139,259 shares during the last quarter. Finally, Wasatch Advisors LP boosted its position in shares of Aris Water Solutions by 4.7% during the 3rd quarter. Wasatch Advisors LP now owns 523,533 shares of the company’s stock worth $8,832,000 after acquiring an additional 23,594 shares in the last quarter. Institutional investors and hedge funds 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.