Aris Water Solutions, Inc. (NYSE:ARIS) Given Average Recommendation of "Hold" by Analysts

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) has been assigned an average rating of "Hold" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $27.00.

A number of analysts recently issued reports on the company. Stifel Nicolaus raised their price target 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. JPMorgan Chase & Co. downgraded Aris Water Solutions from an "overweight" rating to a "neutral" rating and raised their price target for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and raised their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Finally, Citigroup reiterated a "neutral" rating and set a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th.

Insider Activity

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder S Corp Gable sold 57,731 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $25.55, for a total value of $1,475,027.05. Following the transaction, the insider now owns 3,165,939 shares in the company, valued at approximately $80,889,741.45. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,159,678 shares of company stock worth $106,807,774. Company insiders own 23.06% of the company's stock.

Hedge Funds Weigh In On Aris Water Solutions

A number of large investors have recently added to or reduced their stakes in ARIS. Quarry LP bought a new position in Aris Water Solutions in the fourth quarter worth about $27,000. Larson Financial Group LLC acquired a new position in shares of Aris Water Solutions during the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Aris Water Solutions during the fourth quarter valued at about $33,000. Meeder Asset Management Inc. acquired a new position in shares of Aris Water Solutions during the third quarter valued at about $39,000. Finally, New York State Teachers Retirement System increased its holdings in shares of Aris Water Solutions by 2,346.0% during the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock valued at $41,000 after acquiring an additional 2,346 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Trading Down 8.4 %

ARIS traded down $2.40 during trading on Monday, reaching $26.33. The company had a trading volume of 447,360 shares, compared to its average volume of 476,994. The stock has a market cap of $1.53 billion, a P/E ratio of 33.16 and a beta of 1.94. The business has a 50 day simple moving average of $27.02 and a 200-day simple moving average of $22.42. Aris Water Solutions has a 52 week low of $11.32 and a 52 week high of $32.56. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.13%. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio (DPR) 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.