Citigroup Reiterates Neutral Rating for Aris Water Solutions (NYSE:ARIS)

Aris Water Solutions (NYSE:ARIS - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at Citigroup in a report issued on Wednesday, MarketBeat Ratings reports. They currently have a $26.00 price target on the stock, up from their previous price target of $18.00. Citigroup's price objective points to a potential upside of 10.78% from the stock's current price.

Several other equities analysts also recently issued reports on the company. Wells Fargo & Company lifted their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Evercore ISI upped their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Stifel Nicolaus increased their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. The Goldman Sachs Group boosted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, US Capital Advisors cut shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Aris Water Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $26.17.

Aris Water Solutions Price Performance

Aris Water Solutions stock traded down $0.20 during trading hours on Wednesday, hitting $23.47. 969,617 shares of the stock were exchanged, compared to its average volume of 918,963. Aris Water Solutions has a 12 month low of $7.74 and a 12 month high of $27.94. The business's 50-day moving average is $24.54 and its two-hundred day moving average is $19.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $1.37 billion, a P/E ratio of 29.34 and a beta of 1.94.

Insiders Place Their Bets

In other news, insider S Corp Gable sold 331,181 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the completion of the transaction, the insider now directly owns 2,268,559 shares in the company, valued at approximately $57,076,944.44. The trade was a 12.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the stock in a transaction that occurred 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 sale, the director now owns 42,082 shares in the company, valued at $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 937,508 shares of company stock valued at $23,642,936. Company insiders own 23.06% of the company's stock.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors and hedge funds have recently made changes to their positions in ARIS. Rhumbline Advisers raised its stake in Aris Water Solutions by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company's stock worth $691,000 after buying an additional 758 shares during the period. Los Angeles Capital Management LLC raised its position in shares of Aris Water Solutions by 38.0% during the second quarter. Los Angeles Capital Management LLC now owns 106,356 shares of the company's stock worth $1,667,000 after purchasing an additional 29,310 shares during the period. ClariVest Asset Management LLC lifted its holdings in shares of Aris Water Solutions by 35.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 65,154 shares of the company's stock valued at $1,021,000 after purchasing an additional 17,164 shares in the last quarter. American Century Companies Inc. grew its position in shares of Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company's stock valued at $7,644,000 after purchasing an additional 284,788 shares during the period. Finally, Nicholas Investment Partners LP bought a new stake in Aris Water Solutions during the 2nd quarter worth approximately $1,703,000. Institutional investors and hedge funds 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.