Brokerages Set Aris Water Solutions, Inc. (NYSE:ARIS) Price Target at $26.17

Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $26.17.

A number of research firms have weighed in on ARIS. US Capital Advisors lowered shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Citigroup reaffirmed a "neutral" rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday. The Goldman Sachs Group raised their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Evercore ISI upped their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th.

Aris Water Solutions Stock Performance

NYSE:ARIS traded up $1.31 during mid-day trading on Friday, hitting $24.65. 1,174,678 shares of the company traded hands, compared to its average volume of 966,586. The stock's fifty day moving average price is $24.85 and its 200-day moving average price is $19.26. 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 one year low of $7.74 and a one year high of $27.94. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 30.81 and a beta of 1.94.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions's payout ratio is presently 52.50%.

Insiders Place Their Bets

In other news, Director Debra Coy sold 1,500 shares of the firm's stock in a transaction that occurred on 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 sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider S Corp Gable sold 331,181 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.16, for a total value of $8,332,513.96. Following the transaction, the insider now directly owns 2,268,559 shares in the company, valued at approximately $57,076,944.44. This represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 937,508 shares of company stock valued at $23,642,936 in the last quarter. 23.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its holdings 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 worth $691,000 after buying an additional 758 shares during the period. American Century Companies Inc. increased its stake in Aris Water Solutions by 140.3% in the second quarter. American Century Companies Inc. now owns 487,840 shares of the company's stock worth $7,644,000 after purchasing an additional 284,788 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Aris Water Solutions by 32.8% during the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company's stock worth $8,836,000 after purchasing an additional 139,259 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Aris Water Solutions by 93.5% during the second quarter. Renaissance Technologies LLC now owns 198,000 shares of the company's stock worth $3,103,000 after purchasing an additional 95,700 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Aris Water Solutions during the second quarter valued at $312,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

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.