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

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

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Stifel Nicolaus increased their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Citigroup restated 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. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group boosted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.00.

Aris Water Solutions Trading Down 12.3 %

ARIS stock traded down $3.54 during midday trading on Friday, hitting $25.28. The company had a trading volume of 1,132,884 shares, compared to its average volume of 545,775. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 31.60 and a beta of 1.88. Aris Water Solutions has a 52 week low of $12.44 and a 52 week high of $33.95. 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’s 50 day moving average price is $28.89 and its 200 day moving average price is $24.59.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, insider S Corp Gable sold 331,181 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.16, for a total value of $8,332,513.96. Following the sale, the insider now owns 2,268,559 shares in the company, valued at approximately $57,076,944.44. This represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffrey K. Hunt sold 10,000 shares of Aris Water Solutions stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the transaction, the chief accounting officer now owns 44,827 shares of the company’s stock, valued at $1,296,396.84. The trade was a 18.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,401,785 shares of company stock valued at $38,149,659. 23.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Aris Water Solutions by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company’s stock worth $365,000 after acquiring an additional 557 shares during the last quarter. Quarry LP purchased a new stake in Aris Water Solutions during the 4th quarter valued at about $27,000. Larson Financial Group LLC bought a new stake in Aris Water Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new position in Aris Water Solutions in the fourth quarter worth about $33,000. Finally, Centiva Capital LP lifted its stake in shares of Aris Water Solutions by 11.1% in the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company’s stock worth $327,000 after buying an additional 1,368 shares in the last quarter. 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.