Aris Water Solutions, Inc. (NYSE:ARIS) Receives Consensus Rating of “Hold” from Brokerages

Aris Water Solutions, Inc. (NYSE:ARIS) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $26.50.

A number of brokerages have recently commented on ARIS. JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company increased their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Finally, Citigroup reissued a “neutral” rating and set a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS opened at $28.09 on Thursday. Aris Water Solutions has a one year low of $8.46 and a one year high of $30.40. The stock has a fifty day moving average of $26.16 and a 200-day moving average of $21.15. The company has a market capitalization of $1.64 billion, a PE ratio of 35.11 and a beta of 1.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Insider Buying and Selling at Aris Water Solutions

In other news, major shareholder S Corp Gable sold 57,731 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $25.55, for a total value of $1,475,027.05. Following the transaction, the insider now directly owns 3,165,939 shares of the company’s stock, valued at approximately $80,889,741.45. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Insiders have sold a total of 4,159,678 shares of company stock valued at $106,807,774 in the last three months. 23.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aris Water Solutions

A number of hedge funds have recently modified their holdings of ARIS. Raymond James Financial Inc. bought a new stake in Aris Water Solutions in the fourth quarter worth $29,663,000. Eagle Asset Management Inc. bought a new stake in Aris Water Solutions in the third quarter worth $10,828,000. Whittier Trust Co. boosted its holdings in Aris Water Solutions by 70,079.1% in the fourth quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock worth $8,370,000 after purchasing an additional 348,994 shares in the last quarter. NBW Capital LLC boosted its holdings in Aris Water Solutions by 1,191.8% in the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock worth $6,307,000 after purchasing an additional 242,939 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC bought a new stake in Aris Water Solutions in the fourth quarter worth $5,492,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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.