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

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been given a consensus rating of “Hold” by the six research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $26.00.

Several equities research analysts have recently issued reports on ARIS shares. Wells Fargo & Company decreased their target price on Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. StockNews.com lowered Aris Water Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday. The Goldman Sachs Group decreased their target price on Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, Citigroup reissued a “neutral” rating on shares of Aris Water Solutions in a report on Monday.

Aris Water Solutions Trading Down 1.4%

Shares of Aris Water Solutions stock opened at $22.99 on Friday. Aris Water Solutions has a 1 year low of $13.34 and a 1 year high of $33.95. The firm has a market cap of $1.34 billion, a PE ratio of 28.73 and a beta of 1.85. The stock has a fifty day moving average price of $26.92 and a 200-day moving average price of $26.30. 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 (NYSE:ARIS) last announced its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. The firm had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. Equities research analysts anticipate that Aris Water Solutions will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions’s dividend payout ratio (DPR) is currently 68.29%.

Insider Buying and Selling

In other Aris Water Solutions news, CAO Jeffrey K. Hunt sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $28.92, for a total value of $289,200.00. Following the completion of the transaction, the chief accounting officer now owns 44,827 shares in the company, valued at $1,296,396.84. This trade represents a 18.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas A. Patterson sold 8,299 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the transaction, the insider now owns 58,228 shares of the company’s stock, valued at approximately $1,781,776.80. This represents a 12.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,070,604 shares of company stock valued at $29,817,145. 37.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in shares of Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after acquiring an additional 25,790 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Aris Water Solutions by 6.1% during the 4th quarter. New York State Common Retirement Fund now owns 115,782 shares of the company’s stock valued at $2,773,000 after acquiring an additional 6,700 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Aris Water Solutions during the 4th quarter valued at about $279,000. Principal Financial Group Inc. boosted its position in shares of Aris Water Solutions by 10.4% during the 4th quarter. Principal Financial Group Inc. now owns 33,635 shares of the company’s stock valued at $806,000 after acquiring an additional 3,179 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Aris Water Solutions by 477.2% during the 4th quarter. Sei Investments Co. now owns 60,102 shares of the company’s stock valued at $1,439,000 after acquiring an additional 49,690 shares during 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.