Aris Water Solutions (NYSE:ARIS) Downgraded to “In-Line” Rating by Evercore ISI

Evercore ISI cut shares of Aris Water Solutions (NYSE:ARIS) from an outperform rating to an in-line rating in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $27.00 target price on the stock, up from their prior target price of $25.00.

Several other equities research analysts have also recently commented on ARIS. Citigroup reaffirmed a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus increased their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.50.

Aris Water Solutions Trading Up 5.5 %

Aris Water Solutions stock opened at $28.91 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions has a one year low of $7.74 and a one year high of $29.39. The stock has a market capitalization of $1.68 billion, a PE ratio of 36.14 and a beta of 1.94. The business’s fifty day moving average is $25.32 and its 200 day moving average is $19.50.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.45%. Aris Water Solutions’s payout ratio is 52.50%.

Insider Transactions at Aris Water Solutions

In other news, major shareholder S Corp Gable sold 57,731 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $25.55, for a total value of $1,475,027.05. Following the transaction, the insider now owns 3,165,939 shares of the company’s stock, valued at $80,889,741.45. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the transaction, the director now directly owns 42,082 shares in the company, 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. Insiders have sold 937,508 shares of company stock valued at $23,642,936 over the last quarter. 23.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after purchasing an additional 216,158 shares during the period. Principal Financial Group Inc. bought a new stake in Aris Water Solutions during the 3rd quarter valued at approximately $514,000. Lord Abbett & CO. LLC raised its stake in Aris Water Solutions by 4.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company’s stock valued at $5,940,000 after purchasing an additional 13,676 shares during the period. Franklin Resources Inc. bought a new stake in Aris Water Solutions during the 3rd quarter valued at approximately $266,000. Finally, Tidal Investments LLC bought a new stake in Aris Water Solutions during the 3rd quarter valued at approximately $252,000. 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.