Aris Water Solutions, Inc. (NYSE:ARIS) Receives $27.00 Average PT from Brokerages

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) has received an average recommendation of "Hold" from the six analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $27.00.

Several research analysts have commented on ARIS shares. Evercore ISI downgraded shares of 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 report on Wednesday, January 15th. Citigroup restated 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. Wells Fargo & Company lifted their price target on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Finally, StockNews.com raised Aris Water Solutions from a "sell" rating to a "hold" rating in a report on Saturday, April 19th.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, insider Nicholas A. Patterson sold 8,299 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the sale, the insider now owns 58,228 shares of the company's stock, valued at $1,781,776.80. This trade represents a 12.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,070,604 shares of company stock worth $29,817,145 over the last three months. Company insiders own 23.06% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its stake in Aris Water Solutions by 3.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company's stock worth $65,218,000 after acquiring an additional 81,413 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Aris Water Solutions during the fourth quarter valued at about $29,663,000. Wellington Management Group LLP raised its stake in Aris Water Solutions by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock worth $23,112,000 after buying an additional 9,395 shares in the last quarter. State Street Corp boosted its position in Aris Water Solutions by 13.8% during the 3rd quarter. State Street Corp now owns 662,324 shares of the company's stock valued at $11,173,000 after acquiring an additional 80,490 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Aris Water Solutions by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock valued at $15,357,000 after acquiring an additional 8,844 shares in the last quarter. Institutional investors own 39.71% of the company's stock.

Aris Water Solutions Price Performance

Shares of ARIS traded up $0.15 during midday trading on Tuesday, hitting $25.54. 418,574 shares of the company traded hands, compared to its average volume of 571,930. The stock has a 50-day moving average of $28.20 and a 200-day moving average of $25.60. 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 has a one year low of $13.34 and a one year high of $33.95. The firm has a market cap of $1.49 billion, a P/E ratio of 31.93 and a beta of 1.81.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Thursday, March 13th. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio (DPR) is presently 70.00%.

Aris Water Solutions Company Profile

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.