Aris Water Solutions (NYSE:ARIS) Stock Price Down 6.5% - Time to Sell?

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) shares were down 6.5% on Friday . The company traded as low as $26.37 and last traded at $25.95. Approximately 245,746 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 1,034,032 shares. The stock had previously closed at $27.75.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ARIS. Evercore ISI lowered shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Wells Fargo & Company raised their price target 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. US Capital Advisors lowered shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a 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 company. According to data from MarketBeat, Aris Water Solutions presently has an average rating of "Hold" and a consensus target price of $26.50.

Aris Water Solutions Price Performance

The stock has a market cap of $1.51 billion, a P/E ratio of 32.52 and a beta of 1.94. The business's 50 day moving average price is $26.10 and its two-hundred day moving average price is $20.64. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, major shareholder S Corp Gable sold 38,739 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the sale, the insider now directly owns 3,111,738 shares of the company's stock, valued at approximately $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Debra Coy sold 1,500 shares of the firm's 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 sale, the director now directly owns 42,082 shares of the company's stock, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,161,178 shares of company stock valued at $106,845,859. Corporate insiders own 22.46% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ARIS. Dimensional Fund Advisors LP increased its stake in Aris Water Solutions by 32.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company's stock worth $8,836,000 after buying an additional 139,259 shares in the last quarter. Squarepoint Ops LLC bought a new position in Aris Water Solutions in the 2nd quarter worth approximately $312,000. AQR Capital Management LLC purchased a new stake in Aris Water Solutions during the 2nd quarter valued at approximately $765,000. Algert Global LLC bought a new stake in shares of Aris Water Solutions during the second quarter valued at approximately $199,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Aris Water Solutions in the second quarter worth about $82,000. 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.