Brokerages Set Aris Water Solutions, Inc. (NYSE:ARIS) PT at $15.25

Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) have been assigned a consensus rating of "Buy" from the seven analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $15.25.

Separately, US Capital Advisors raised Aris Water Solutions from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday.

Aris Water Solutions Stock Performance

NYSE:ARIS traded up $0.60 during midday trading on Tuesday, reaching $15.74. The stock had a trading volume of 328,019 shares, compared to its average volume of 344,168. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. The stock has a market cap of $914.35 million, a P/E ratio of 21.96 and a beta of 1.62. The firm has a fifty day simple moving average of $16.49 and a two-hundred day simple moving average of $15.75. Aris Water Solutions has a 12-month low of $7.22 and a 12-month high of $18.99.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. The business had revenue of $101.12 million for the quarter, compared to analyst estimates of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. On average, equities analysts expect that Aris Water Solutions will post 0.88 EPS for the current year.

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, September 5th. Aris Water Solutions's dividend payout ratio is currently 58.33%.

Insider Buying and Selling

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $14.84, for a total transaction of $219,824.92. Following the completion of the transaction, the chief operating officer now directly owns 94,690 shares in the company, valued at approximately $1,405,199.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aris Water Solutions

A number of large investors have recently bought and sold shares of the stock. New York State Teachers Retirement System lifted its holdings in Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock valued at $41,000 after purchasing an additional 2,346 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Aris Water Solutions in the third quarter valued at approximately $2,080,000. Exchange Traded Concepts LLC lifted its stake in shares of Aris Water Solutions by 988.8% during the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company's stock valued at $2,327,000 after buying an additional 125,281 shares during the period. Inspire Investing LLC boosted its position in Aris Water Solutions by 11.0% during the third quarter. Inspire Investing LLC now owns 24,518 shares of the company's stock worth $414,000 after acquiring an additional 2,434 shares during the last quarter. Finally, Kings Path Partners LLC grew its stake in Aris Water Solutions by 2.6% in the 3rd quarter. Kings Path Partners LLC now owns 67,234 shares of the company's stock worth $1,134,000 after acquiring an additional 1,735 shares during the period. 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.