Aris Water Solutions (NYSE:ARIS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Aris Water Solutions (NYSE:ARIS - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company upped their price target 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 restated a "neutral" rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Finally, Evercore ISI downgraded shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.00.

Aris Water Solutions Stock Up 2.7 %

NYSE:ARIS traded up $0.67 during mid-day trading on Friday, hitting $25.23. 41,701 shares of the company's stock traded hands, compared to its average volume of 919,282. 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 company has a market capitalization of $1.48 billion, a P/E ratio of 31.38 and a beta of 1.81. The company has a fifty day moving average of $28.30 and a 200 day moving average of $25.37. Aris Water Solutions has a twelve month low of $13.34 and a twelve month high of $33.95.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.22%. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, March 13th. Aris Water Solutions's dividend payout ratio is presently 70.00%.

Insider Activity

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm's stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the sale, the insider now directly owns 58,228 shares in the company, valued at approximately $1,781,776.80. The trade was a 12.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,070,604 shares of company stock valued at $29,817,145. Company insiders own 23.06% of the company's stock.

Institutional Trading of Aris Water Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its holdings in Aris Water Solutions by 3.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company's stock valued at $65,218,000 after purchasing an additional 81,413 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Aris Water Solutions during the fourth quarter worth approximately $29,663,000. Wellington Management Group LLP grew its stake in Aris Water Solutions by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock worth $23,112,000 after acquiring an additional 9,395 shares during the period. State Street Corp raised its holdings in Aris Water Solutions by 13.8% in the 3rd quarter. State Street Corp now owns 662,324 shares of the company's stock valued at $11,173,000 after acquiring an additional 80,490 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of 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 currently owned by hedge funds and other institutional investors.

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.