Aris Water Solutions (NYSE:ARIS) Price Target Raised to $25.00

Aris Water Solutions (NYSE:ARIS) had its price objective lifted by Evercore ISI from $20.00 to $25.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

ARIS has been the topic of several other reports. US Capital Advisors raised Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. The Goldman Sachs Group lifted their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $22.00 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Aris Water Solutions Trading Up 6.4 %

Shares of NYSE:ARIS opened at $23.65 on Wednesday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 29.56 and a beta of 1.62. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.30 and a current ratio of 1.30. The stock’s 50-day simple moving average is $16.91 and its two-hundred day simple moving average is $16.04. Aris Water Solutions has a 52-week low of $7.22 and a 52-week high of $23.71.

Aris Water Solutions (NYSE:ARIS) last announced its earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $101.12 million for the quarter, compared to analysts’ expectations of $97.86 million. Aris Water Solutions had a return on equity of 3.78% and a net margin of 6.29%. Analysts expect that Aris Water Solutions will post 0.88 EPS for the current year.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Insider Activity 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 owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.46% of the stock is owned by corporate insiders.

Institutional Trading of Aris Water Solutions

A number of large investors have recently added to or reduced their stakes in the company. Kennedy Capital Management LLC increased its stake in Aris Water Solutions by 3.8% in the 1st quarter. Kennedy Capital Management LLC now owns 594,686 shares of the company’s stock worth $8,415,000 after acquiring an additional 21,515 shares during the last quarter. Clearbridge Investments LLC increased its stake in Aris Water Solutions by 7.2% in the 1st quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock worth $8,237,000 after acquiring an additional 39,145 shares during the last quarter. 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 acquiring an additional 139,259 shares during the last quarter. American Century Companies Inc. increased its stake in Aris Water Solutions by 140.3% in the 2nd 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 stake in Aris Water Solutions by 93.5% in the 2nd quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock worth $3,103,000 after acquiring an additional 95,700 shares during the last quarter. 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.