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

Aris Water Solutions, Inc. (NYSE:ARIS) has been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $26.00.

ARIS has been the subject of several recent research reports. Citigroup restated a “neutral” rating on shares of Aris Water Solutions in a report on Monday, May 12th. 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 for the company in a research note on Thursday, May 8th. Wall Street Zen downgraded Aris Water Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group dropped their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 8th.

Aris Water Solutions Trading Down 0.5%

Shares of ARIS stock opened at $24.44 on Wednesday. The company has a 50 day moving average price of $24.28 and a 200 day moving average price of $26.42. The stock has a market capitalization of $1.45 billion, a P/E ratio of 30.55 and a beta of 1.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions has a fifty-two week low of $13.34 and a fifty-two week high of $33.95.

Aris Water Solutions (NYSE:ARIS) last issued 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. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. The business had revenue of $120.49 million during the quarter, compared to analysts’ expectations of $115.72 million. Equities research analysts predict that Aris Water Solutions will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 annualized dividend and a yield of 2.29%. Aris Water Solutions’s dividend payout ratio is presently 68.29%.

Insiders Place Their Bets

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $28.92, for a total value of $289,200.00. Following the completion of the sale, the chief accounting officer now owns 44,827 shares in the company, valued at approximately $1,296,396.84. This trade represents a 18.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. Insiders own 37.84% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Several large investors have recently added to or reduced their stakes in ARIS. Janney Montgomery Scott LLC acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $279,000. Legato Capital Management LLC lifted its position in Aris Water Solutions by 7.2% in the fourth quarter. Legato Capital Management LLC now owns 93,186 shares of the company’s stock worth $2,232,000 after purchasing an additional 6,259 shares during the period. Principal Financial Group Inc. boosted its stake in Aris Water Solutions by 10.4% during the fourth 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 in the last quarter. New York State Common Retirement Fund boosted its stake in Aris Water Solutions by 6.1% during the fourth quarter. New York State Common Retirement Fund now owns 115,782 shares of the company’s stock worth $2,773,000 after buying an additional 6,700 shares in the last quarter. Finally, Denali Advisors LLC bought a new stake in Aris Water Solutions in the 4th quarter valued at $507,000. Institutional investors and hedge funds 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.