Aris Water Solutions, Inc. (NYSE:ARIS) Given Average Rating of “Hold” by Analysts

Aris Water Solutions, Inc. (NYSE:ARIS) has earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $26.50.

ARIS has been the subject of several research reports. Stifel Nicolaus upped their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Wells Fargo & Company upped their price objective on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group upped their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Citigroup reiterated a “neutral” rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th.

Aris Water Solutions Stock Down 0.4 %

Shares of NYSE ARIS opened at $25.86 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a 12 month low of $8.31 and a 12 month high of $30.40. The firm has a market capitalization of $1.51 billion, a PE ratio of 32.32 and a beta of 1.94. The firm has a fifty day simple moving average of $26.05 and a two-hundred day simple moving average of $20.74.

Insider Buying and Selling

In related news, Director Debra Coy sold 1,500 shares of the stock in a transaction dated 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 approximately $1,068,461.98. This represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Insiders sold a total of 4,161,178 shares of company stock worth $106,845,859 in the last three months. 22.46% of the stock is owned by corporate insiders.

Institutional Trading of Aris Water Solutions

Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions during the 3rd quarter valued at about $39,000. New York State Teachers Retirement System boosted its holdings in shares of Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after acquiring an additional 2,346 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Aris Water Solutions during the 2nd quarter valued at about $199,000. Tidal Investments LLC purchased a new stake in shares of Aris Water Solutions during the 3rd quarter valued at about $252,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Aris Water Solutions by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock valued at $262,000 after acquiring an additional 3,554 shares during 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.