Aris Water Solutions (NYSE:ARIS - Get Free Report) had its price objective upped by stock analysts at Wells Fargo & Company from $21.00 to $26.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price points to a potential upside of 11.44% from the stock's previous close.
Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their price target on Aris Water Solutions from $18.50 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their price target 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. Finally, Evercore ISI raised 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 note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Aris Water Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $23.33.
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Aris Water Solutions Trading Down 5.9 %
Shares of Aris Water Solutions stock traded down $1.46 on Wednesday, hitting $23.33. 444,082 shares of the company's stock traded hands, compared to its average volume of 364,242. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 29.16 and a beta of 1.91. Aris Water Solutions has a one year low of $7.74 and a one year high of $27.94. The company has a fifty day moving average of $22.05 and a two-hundred day moving average of $18.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.
Insider Buying and Selling at Aris Water Solutions
In other Aris Water Solutions news, major shareholder S Corp Gable sold 57,731 shares of Aris Water Solutions stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the completion of the sale, the insider now directly owns 3,165,939 shares in the company, valued at $80,889,741.45. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the sale, the director now owns 42,082 shares in the company, valued at $1,068,461.98. The trade was a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.46% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC boosted its stake in shares of Aris Water Solutions by 4.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company's stock valued at $5,940,000 after purchasing an additional 13,676 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Aris Water Solutions during the 3rd quarter valued at $266,000. Tidal Investments LLC purchased a new stake in shares of Aris Water Solutions in the 3rd quarter worth about $252,000. Barclays PLC increased its stake in shares of Aris Water Solutions by 277.0% in the 3rd quarter. Barclays PLC now owns 35,102 shares of the company's stock worth $592,000 after acquiring an additional 25,790 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Aris Water Solutions by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 619,349 shares of the company's stock valued at $10,450,000 after acquiring an additional 18,304 shares during the period. Institutional investors own 39.71% of the company's stock.
About Aris Water Solutions
(
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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.
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