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

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) has earned an average rating of "Hold" from the six research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $27.00.

Several research analysts have commented on the company. Wells Fargo & Company lifted their target price on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Citigroup reaffirmed a "neutral" rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Stifel Nicolaus increased 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. The Goldman Sachs Group boosted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, Evercore ISI cut shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th.

Insiders Place Their Bets

In other news, insider Nicholas A. Patterson sold 8,299 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the transaction, the insider now directly owns 58,228 shares of the company's stock, valued at $1,781,776.80. This represents a 12.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction on 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. Over the last ninety days, insiders sold 1,433,195 shares of company stock worth $38,936,166. 23.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its position in shares of Aris Water Solutions by 3.1% during 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 in the last quarter. Raymond James Financial Inc. bought a new stake in Aris Water Solutions during the 4th quarter worth approximately $29,663,000. Wellington Management Group LLP increased its holdings in Aris Water Solutions by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock worth $23,112,000 after purchasing an additional 9,395 shares in the last quarter. State Street Corp raised its stake in shares of Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company's stock worth $11,173,000 after purchasing an additional 80,490 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Aris Water Solutions by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock worth $15,357,000 after purchasing an additional 8,844 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Trading Up 1.7 %

Shares of NYSE:ARIS traded up $0.55 during mid-day trading on Friday, reaching $32.59. 800,557 shares of the company's stock were exchanged, compared to its average volume of 533,934. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions has a twelve month low of $12.44 and a twelve month high of $33.95. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 40.74 and a beta of 1.88. The business's fifty day moving average price is $28.90 and its 200-day moving average price is $24.43.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, March 13th. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.72%. Aris Water Solutions's dividend payout ratio 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.