Evercore ISI Downgrades Aris Water Solutions (NYSE:ARIS) to In-Line

Aris Water Solutions (NYSE:ARIS - Get Free Report) was downgraded by stock analysts at Evercore ISI from an "outperform" rating to an "in-line" rating in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a $27.00 price target on the stock, up from their prior price target of $25.00. Evercore ISI's target price points to a potential downside of 6.61% from the company's current price.

A number of other research analysts also recently weighed in on the company. Wells Fargo & Company increased their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. The Goldman Sachs Group raised their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. US Capital Advisors cut shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their price objective 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Aris Water Solutions has an average rating of "Hold" and a consensus price target of $26.50.

Aris Water Solutions Stock Performance

NYSE:ARIS traded up $1.51 during trading hours on Wednesday, reaching $28.91. The company had a trading volume of 887,953 shares, compared to its average volume of 960,839. The firm's 50 day moving average price is $25.19 and its 200-day moving average price is $19.43. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 36.14 and a beta of 1.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a 52 week low of $7.74 and a 52 week high of $29.39.

Insider Buying and Selling

In related news, Director Debra Coy sold 1,500 shares of the company's stock in a transaction 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 transaction, the director now owns 42,082 shares in the company, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total transaction of $969,637.17. Following the completion of the sale, the insider now owns 3,111,738 shares in the company, valued at approximately $77,886,802.14. This represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 937,508 shares of company stock valued at $23,642,936. Company insiders own 23.06% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in Aris Water Solutions by 1.7% during the second quarter. Rhumbline Advisers now owns 44,083 shares of the company's stock valued at $691,000 after buying an additional 758 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Aris Water Solutions by 140.3% during the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company's stock worth $7,644,000 after acquiring an additional 284,788 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company's stock valued at $8,836,000 after acquiring an additional 139,259 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Aris Water Solutions by 93.5% in the second quarter. Renaissance Technologies LLC now owns 198,000 shares of the company's stock valued at $3,103,000 after purchasing an additional 95,700 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Aris Water Solutions in the second quarter worth $312,000. Hedge funds and other institutional investors own 39.71% of the company's stock.

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.