Aris Water Solutions, Inc. (NYSE:ARIS) Given Average Rating of “Hold” by Analysts

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $27.00.

ARIS has been the subject of several recent research reports. Citigroup reissued a “neutral” rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Wells Fargo & Company upped their target price on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. StockNews.com upgraded shares of Aris Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Evercore ISI cut shares of 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 research report on Wednesday, January 15th.

Insider Buying and Selling at Aris Water Solutions

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of Aris Water Solutions stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total value of $289,200.00. Following the completion of the sale, the chief accounting officer now owns 44,827 shares of the company’s stock, valued at approximately $1,296,396.84. This trade represents a 18.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $27.70, for a total transaction of $27,700,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,604 shares of company stock valued at $29,817,145. Corporate insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in ARIS. Quarry LP bought a new stake in Aris Water Solutions during the 4th quarter worth approximately $27,000. Larson Financial Group LLC bought a new stake in Aris Water Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. purchased a new stake in Aris Water Solutions in the 4th quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Aris Water Solutions during the 4th quarter valued at $52,000. Finally, Farther Finance Advisors LLC boosted its holdings in Aris Water Solutions by 3,062.6% during the 1st quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company’s stock worth $119,000 after acquiring an additional 3,522 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS opened at $23.92 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions has a 52 week low of $13.34 and a 52 week high of $33.95. The firm has a market cap of $1.40 billion, a PE ratio of 29.90 and a beta of 1.81. The firm’s fifty day moving average is $28.42 and its 200-day moving average is $25.38.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, March 13th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 2.34%. Aris Water Solutions’s dividend payout ratio is currently 70.00%.

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.