Aris Water Solutions (NYSE:ARIS) Cut to “Moderate Buy” at US Capital Advisors

US Capital Advisors downgraded shares of Aris Water Solutions (NYSE:ARIS) from a strong-buy rating to a moderate buy rating in a report released on Tuesday,Zacks.com reports.

A number of other research firms have also issued reports on ARIS. Stifel Nicolaus raised their target price on shares of Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price target on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, Evercore ISI raised their target price on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Aris Water Solutions Trading Up 0.7 %

Shares of ARIS stock opened at $27.23 on Tuesday. Aris Water Solutions has a 12 month low of $7.22 and a 12 month high of $27.64. The company has a market cap of $1.59 billion, a PE ratio of 34.04 and a beta of 1.62. 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 business’s 50 day moving average is $19.03 and its two-hundred day moving average is $16.88.

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.105 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.54%. Aris Water Solutions’s dividend payout ratio is 52.50%.

Insider Buying and Selling at Aris Water Solutions

In other news, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the sale, the director now directly owns 42,082 shares in the company, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.46% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several institutional investors have recently bought and sold shares of ARIS. Quadrature Capital Ltd acquired a new stake in shares of Aris Water Solutions in the 1st quarter valued at $166,000. Lazard Asset Management LLC bought a new stake in Aris Water Solutions during the first quarter worth about $222,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Aris Water Solutions by 9.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock worth $313,000 after buying an additional 1,902 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Aris Water Solutions in the first quarter valued at approximately $338,000. Finally, Quent Capital LLC acquired a new position in shares of Aris Water Solutions in the 2nd quarter worth approximately $251,000. 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.