Aris Water Solutions (NYSE:ARIS) Stock Rating Upgraded by StockNews.com

Aris Water Solutions (NYSE:ARIS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages have also commented on ARIS. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Wells Fargo & Company lifted their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, Citigroup restated a “neutral” rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.00.

Aris Water Solutions Stock Up 1.2 %

Shares of NYSE ARIS opened at $25.87 on Friday. Aris Water Solutions has a 12-month low of $13.34 and a 12-month high of $33.95. The firm’s 50-day simple moving average is $28.50 and its 200 day simple moving average is $25.33. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 32.34 and a beta of 1.81.

Insiders Place Their Bets

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total value of $289,200.00. Following the sale, the chief accounting officer now directly owns 44,827 shares of the company’s stock, valued at approximately $1,296,396.84. The trade was a 18.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas A. Patterson sold 8,299 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the transaction, the insider now owns 58,228 shares of the company’s stock, valued at approximately $1,781,776.80. This trade represents a 12.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,070,604 shares of company stock worth $29,817,145. Corporate insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ARIS. Quarry LP acquired a new position in Aris Water Solutions during the 4th quarter worth approximately $27,000. Larson Financial Group LLC acquired a new position in Aris Water Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. bought a new position in Aris Water Solutions in the fourth quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions in the 4th quarter valued at $52,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Aris Water Solutions by 74.5% during the 4th quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company’s stock worth $97,000 after buying an additional 1,726 shares during the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

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.