JPMorgan Chase & Co. Downgrades Aris Water Solutions (NYSE:ARIS) to Neutral

JPMorgan Chase & Co. downgraded shares of Aris Water Solutions (NYSE:ARIS) from an overweight rating to a neutral rating in a research report released on Wednesday morning, MarketBeat.com reports. They currently have $22.00 target price on the stock, up from their previous target price of $19.00.

Separately, US Capital Advisors upgraded Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.50.

Aris Water Solutions Stock Up 5.7 %

Shares of NYSE ARIS opened at $22.17 on Wednesday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 29.56 and a beta of 1.62. 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 firm’s fifty day moving average is $16.66 and its 200 day moving average is $15.93. Aris Water Solutions has a 52 week low of $7.22 and a 52 week high of $22.36.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $101.12 million during the quarter, compared to the consensus estimate 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 research analysts expect that Aris Water Solutions will post 0.88 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.89%. Aris Water Solutions’s payout ratio is 56.00%.

Insider Transactions at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 14,813 shares of Aris Water Solutions stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the sale, the chief operating officer now directly owns 94,690 shares in the company, valued at $1,405,199.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 22.46% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Kennedy Capital Management LLC increased its stake in shares of Aris Water Solutions by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 594,686 shares of the company’s stock valued at $8,415,000 after purchasing an additional 21,515 shares in the last quarter. Clearbridge Investments LLC raised its stake in Aris Water Solutions by 7.2% during the first quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock valued at $8,237,000 after buying an additional 39,145 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after acquiring an additional 139,259 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Aris Water Solutions by 140.3% in the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after acquiring an additional 284,788 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Aris Water Solutions by 93.5% during the second quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock valued at $3,103,000 after acquiring an additional 95,700 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

About Aris Water Solutions

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.