Aris Water Solutions (NYSE:ARIS) Given “Neutral” Rating at Citigroup

Citigroup reiterated their neutral rating on shares of Aris Water Solutions (NYSE:ARIS) in a report issued on Wednesday morning, Marketbeat Ratings reports. Citigroup currently has a $26.00 price target on the stock, up from their previous price target of $18.00.

A number of other equities analysts have also commented on ARIS. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upped their price target on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group boosted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price target for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.17.

Aris Water Solutions Price Performance

NYSE ARIS opened at $23.47 on Wednesday. The company has a market cap of $1.37 billion, a P/E ratio of 29.34 and a beta of 1.94. Aris Water Solutions has a 1 year low of $7.74 and a 1 year high of $27.94. 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 has a fifty day simple moving average of $24.54 and a 200 day simple moving average of $19.11.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.79%. Aris Water Solutions’s dividend payout ratio is currently 52.50%.

Insider Activity

In other Aris Water Solutions news, major shareholder S Corp Gable sold 38,739 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the transaction, the insider now directly owns 3,111,738 shares in the company, valued at $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Debra Coy sold 1,500 shares of Aris Water Solutions 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 completion of the transaction, the director now 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 937,508 shares of company stock worth $23,642,936. 23.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aris Water Solutions

Large investors have recently bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of Aris Water Solutions by 1.7% in the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after buying an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions in the 2nd quarter valued at about $27,000. Kings Path Partners LLC lifted its position in shares of Aris Water Solutions by 2.6% during the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock worth $1,134,000 after purchasing an additional 1,735 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Aris Water Solutions in the third quarter valued at approximately $39,000. Finally, New York State Teachers Retirement System boosted its position in Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after buying an additional 2,346 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors.

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.