The Goldman Sachs Group Raises Aris Water Solutions (NYSE:ARIS) Price Target to $30.00

Aris Water Solutions (NYSE:ARIS) had its target price raised by The Goldman Sachs Group from $21.00 to $30.00 in a research report sent to investors on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

ARIS has been the topic of several other research reports. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Evercore ISI raised their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Aris Water Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.83.

Aris Water Solutions Trading Up 0.8 %

ARIS opened at $24.10 on Thursday. The firm’s fifty day moving average is $22.32 and its two-hundred day moving average is $18.19. The firm has a market cap of $1.40 billion, a PE ratio of 30.13 and a beta of 1.91. Aris Water Solutions has a twelve month low of $7.74 and a twelve month high of $27.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Insider Activity

In other Aris Water Solutions 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 value of $38,085.00. Following the completion of the sale, the director now owns 42,082 shares in the company, valued at $1,068,461.98. The trade was a 3.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder S Corp Gable sold 57,731 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the transaction, the insider now owns 3,165,939 shares in the company, valued at approximately $80,889,741.45. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,970 shares of company stock valued at $2,482,749. 23.06% of the stock is owned by insiders.

Institutional Investors Weigh In On Aris Water Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in shares of Aris Water Solutions by 136.3% in the 2nd quarter. SG Americas Securities LLC now owns 24,244 shares of the company’s stock valued at $380,000 after purchasing an additional 13,982 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Aris Water Solutions in the second quarter worth about $46,000. Legato Capital Management LLC boosted its stake in shares of Aris Water Solutions by 28.4% in the 2nd quarter. Legato Capital Management LLC now owns 55,291 shares of the company’s stock valued at $866,000 after purchasing an additional 12,235 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Aris Water Solutions by 3.3% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 73,471 shares of the company’s stock valued at $1,151,000 after purchasing an additional 2,328 shares during the last quarter. Finally, Kings Path Partners LLC bought a new stake in shares of Aris Water Solutions during the 2nd quarter valued at approximately $1,026,000. 39.71% of the stock is currently 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.