Aris Water Solutions (NYSE:ARIS) Downgraded to “Neutral” Rating by JPMorgan Chase & Co.

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

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

Aris Water Solutions Price Performance

ARIS opened at $22.17 on Wednesday. The firm has a 50-day moving average price of $16.66 and a 200-day moving average price of $15.93. Aris Water Solutions has a twelve month low of $7.22 and a twelve month high of $22.36. 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 company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 29.56 and a beta of 1.62.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. The business had revenue of $101.12 million during the quarter, compared to analyst estimates of $97.86 million. Equities analysts expect that Aris Water Solutions will post 0.88 EPS for the current year.

Aris Water Solutions Announces Dividend

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

Insider Activity

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the transaction, the chief operating officer now owns 94,690 shares of the company’s stock, valued at $1,405,199.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 22.46% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in Aris Water Solutions during the third quarter valued at approximately $514,000. New York State Teachers Retirement System boosted its stake in shares of 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 bought a new position in shares of Aris Water Solutions during the 3rd quarter valued at $2,080,000. Exchange Traded Concepts LLC raised its position in Aris Water Solutions by 988.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after purchasing an additional 125,281 shares during the period. Finally, Inspire Investing LLC lifted its stake in Aris Water Solutions by 11.0% in the third quarter. Inspire Investing LLC now owns 24,518 shares of the company’s stock worth $414,000 after purchasing an additional 2,434 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.