Brokerages Set Aris Water Solutions, Inc. (NYSE:ARIS) PT at $26.50

Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) have been assigned an average rating of "Hold" from the six analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $26.50.

ARIS has been the topic of several research reports. Evercore ISI downgraded shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and boosted their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. lowered Aris Water Solutions from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Stifel Nicolaus raised their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Wells Fargo & Company boosted 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. 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.

Insider Buying and Selling

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 shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the sale, the director now owns 42,082 shares of the company's stock, valued at approximately $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Insiders sold 4,161,178 shares of company stock worth $106,845,859 in the last 90 days. 23.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Aris Water Solutions in the fourth quarter worth $29,663,000. Eagle Asset Management Inc. acquired a new position in Aris Water Solutions during the 3rd quarter worth about $10,828,000. NBW Capital LLC grew its holdings in Aris Water Solutions by 1,191.8% during the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company's stock worth $6,307,000 after acquiring an additional 242,939 shares during the last quarter. JPMorgan Chase & Co. increased its position in Aris Water Solutions by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after acquiring an additional 216,158 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Aris Water Solutions by 988.8% in the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company's stock worth $2,327,000 after acquiring an additional 125,281 shares during the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Stock Performance

ARIS stock traded down $0.89 on Thursday, reaching $27.00. 695,397 shares of the company were exchanged, compared to its average volume of 990,402. The firm has a market capitalization of $1.57 billion, a PE ratio of 33.75 and a beta of 1.94. Aris Water Solutions has a 12 month low of $8.46 and a 12 month high of $30.40. The stock's fifty day moving average price is $26.08 and its 200 day moving average price is $20.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

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.