Aris Water Solutions (NYSE:ARIS) Downgraded to "Neutral" Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Aris Water Solutions (NYSE:ARIS - Free Report) from an overweight rating to a neutral rating in a research note released on Wednesday, MarketBeat reports. JPMorgan Chase & Co. currently has $22.00 price target on the stock, up from their previous price target of $19.00.

Separately, US Capital Advisors raised Aris Water Solutions from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $18.50.

Aris Water Solutions Stock Up 5.7 %

Shares of ARIS stock traded up $1.19 during trading hours on Wednesday, reaching $22.17. 1,167,254 shares of the stock were exchanged, compared to its average volume of 355,193. The business's fifty day moving average is $16.54 and its two-hundred day moving average is $15.89. The firm has a market capitalization of $1.29 billion, a P/E ratio of 29.45 and a beta of 1.62. Aris Water Solutions has a 12-month low of $7.22 and a 12-month high of $22.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. The company had revenue of $101.12 million for the quarter, compared to the consensus estimate of $97.86 million. As a group, research analysts expect that Aris Water Solutions will post 0.88 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, December 5th. Aris Water Solutions's dividend payout ratio is currently 56.00%.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of Aris Water Solutions stock in a transaction on Monday, August 12th. The shares were sold at an average price of $14.84, for a total value of $219,824.92. Following the transaction, the chief operating officer now directly owns 94,690 shares in the company, valued at approximately $1,405,199.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 22.46% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ARIS. Rhumbline Advisers lifted its holdings in shares of Aris Water Solutions by 1.7% during the second quarter. Rhumbline Advisers now owns 44,083 shares of the company's stock worth $691,000 after purchasing an additional 758 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions in the 2nd quarter worth $27,000. Kings Path Partners LLC boosted its holdings in shares of Aris Water Solutions by 2.6% in the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company's stock valued at $1,134,000 after acquiring an additional 1,735 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Aris Water Solutions by 9.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company's stock worth $313,000 after acquiring an additional 1,902 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in Aris Water Solutions by 3.3% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 73,471 shares of the company's stock worth $1,151,000 after purchasing an additional 2,328 shares in the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

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.