Brokerages Set Aris Water Solutions, Inc. (NYSE:ARIS) Price Target at $26.00

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have received a consensus 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 recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $26.00.

Several equities analysts recently commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Aris Water Solutions in a research report on Monday, May 12th. The Goldman Sachs Group cut their price target on shares of Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. StockNews.com downgraded shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company dropped their price objective on shares of Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th.

Insiders Place Their Bets

In other news, COO Brunt David Dylan Van sold 32,305 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total transaction of $973,995.75. Following the sale, the chief operating officer now owns 85,656 shares of the company’s stock, valued at $2,582,528.40. This trade represents a 27.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $28.92, for a total transaction of $289,200.00. Following the sale, the chief accounting officer now directly owns 44,827 shares in the company, valued at $1,296,396.84. This trade represents a 18.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,070,604 shares of company stock valued at $29,817,145. Company insiders own 37.84% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

Several hedge funds have recently modified their holdings of the company. Barclays PLC raised its holdings in Aris Water Solutions by 277.0% in the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after purchasing an additional 25,790 shares during the period. New York State Common Retirement Fund increased its position in shares of Aris Water Solutions by 6.1% in the fourth quarter. New York State Common Retirement Fund now owns 115,782 shares of the company’s stock valued at $2,773,000 after buying an additional 6,700 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Aris Water Solutions during the 4th quarter worth approximately $279,000. Principal Financial Group Inc. raised its stake in shares of Aris Water Solutions by 10.4% during the 4th quarter. Principal Financial Group Inc. now owns 33,635 shares of the company’s stock worth $806,000 after buying an additional 3,179 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Aris Water Solutions by 477.2% during the 4th quarter. Sei Investments Co. now owns 60,102 shares of the company’s stock valued at $1,439,000 after buying an additional 49,690 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Performance

Shares of ARIS opened at $22.84 on Friday. 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 cap of $1.34 billion, a PE ratio of 28.55 and a beta of 1.85. Aris Water Solutions has a 12 month low of $13.34 and a 12 month high of $33.95. The stock has a fifty day moving average price of $26.78 and a 200-day moving average price of $26.48.

Aris Water Solutions (NYSE:ARIS) last announced its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. Equities research analysts predict that Aris Water Solutions will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions’s payout ratio is 68.29%.

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.