Aris Water Solutions (NYSE:ARIS) Downgraded by US Capital Advisors to Moderate Buy

Aris Water Solutions (NYSE:ARIS) was downgraded by stock analysts at US Capital Advisors from a “strong-buy” rating to a “moderate buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Stifel Nicolaus raised their price target on Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Evercore ISI lifted their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their target price on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Aris Water Solutions Price Performance

ARIS stock opened at $27.23 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The company’s fifty day moving average price is $19.03 and its 200-day moving average price is $16.88. Aris Water Solutions has a one year low of $7.22 and a one year high of $27.64. The company has a market capitalization of $1.59 billion, a PE ratio of 34.04 and a beta of 1.62.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the sale, the director now owns 42,082 shares of the company’s stock, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 22.46% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Large investors have recently bought and sold shares of the business. Eagle Asset Management Inc. purchased a new stake in shares of Aris Water Solutions during the third quarter valued at $10,828,000. American Century Companies Inc. lifted its holdings in Aris Water Solutions by 140.3% during the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after buying an additional 284,788 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 valued at $8,836,000 after buying an additional 139,259 shares during the period. Exchange Traded Concepts LLC increased its position 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 worth $2,327,000 after acquiring an additional 125,281 shares during the period. Finally, Nicholas Investment Partners LP bought a new stake in shares of Aris Water Solutions during the second quarter valued at approximately $1,703,000. Hedge funds and other 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.