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

Aris Water Solutions, Inc. (NYSE:ARIS) has earned an average recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $26.50.

ARIS has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price 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. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their target price for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Stifel Nicolaus upped their target price 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. The Goldman Sachs Group boosted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $25.86 on Thursday. The firm’s 50 day simple moving average is $26.05 and its 200 day simple moving average is $20.74. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.51 billion, a PE ratio of 32.32 and a beta of 1.94. Aris Water Solutions has a 1-year low of $8.31 and a 1-year high of $30.40.

Insider Activity

In other news, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction on 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 approximately $1,068,461.98. This represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total transaction of $969,637.17. Following the completion of the sale, the insider now directly owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,161,178 shares of company stock valued at $106,845,859. Corporate insiders own 22.46% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

A number of institutional investors have recently made changes to their positions in ARIS. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions during the 3rd quarter valued at $39,000. New York State Teachers Retirement System boosted its position in 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 buying an additional 2,346 shares during the period. Algert Global LLC purchased a new stake in Aris Water Solutions during the 2nd quarter valued at $199,000. Tidal Investments LLC purchased a new stake in Aris Water Solutions during the 3rd quarter valued at $252,000. Finally, SG Americas Securities LLC boosted its position in 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 buying an additional 3,554 shares during the period. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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.