Aris Water Solutions, Inc. (NYSE:ARIS) Receives Average Rating of “Hold” from Brokerages

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $27.00.

A number of research analysts recently weighed in on ARIS shares. Stifel Nicolaus raised their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Wells Fargo & Company raised their price objective 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. Citigroup reiterated a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price target for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group upped their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th.

Aris Water Solutions Price Performance

Shares of ARIS opened at $33.09 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a twelve month low of $12.44 and a twelve month high of $33.95. The stock has a market capitalization of $1.93 billion, a P/E ratio of 41.37 and a beta of 1.88. The company has a 50 day moving average of $28.74 and a 200-day moving average of $23.97.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.14 dividend. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 1.69%. Aris Water Solutions’s dividend payout ratio is currently 70.00%.

Insider Activity

In other news, CFO Stephan E. Tompsett sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer now owns 140,509 shares in the company, valued at approximately $4,215,270. This trade represents a 12.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,433,195 shares of company stock valued at $38,936,166 over the last three months. Insiders own 22.46% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 valued at $365,000 after acquiring an additional 557 shares during the period. Quarry LP bought a new stake in Aris Water Solutions in the 4th quarter valued at about $27,000. Larson Financial Group LLC acquired a new position in shares of Aris Water Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in shares of Aris Water Solutions during the fourth quarter worth approximately $33,000. Finally, Centiva Capital LP raised its position 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 valued at $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.