Aris Water Solutions’ (ARIS) Neutral Rating Reiterated at Citigroup

Citigroup reissued their neutral rating on shares of Aris Water Solutions (NYSE:ARIS) in a research note issued to investors on Wednesday, MarketBeat reports. Citigroup currently has a $26.00 price target on the stock, up from their previous price target of $18.00.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group increased their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Wells Fargo & Company raised their target price on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Evercore ISI upped their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus increased their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.17.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $24.65 on Wednesday. The firm has a fifty day simple moving average of $24.68 and a two-hundred day simple moving average of $19.14. Aris Water Solutions has a twelve month low of $7.74 and a twelve month high of $27.94. The company has a market capitalization of $1.44 billion, a PE ratio of 30.81 and a beta of 1.94. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.70%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is currently 52.50%.

Insider Buying and Selling at Aris Water Solutions

In other news, insider S Corp Gable sold 331,181 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the sale, the insider now owns 2,268,559 shares in the company, valued at approximately $57,076,944.44. The trade was a 12.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the sale, the director now directly owns 42,082 shares in the company, valued at $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 937,508 shares of company stock valued at $23,642,936. 23.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds have recently bought and sold shares of the business. State Street Corp increased its stake in shares of Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after purchasing an additional 80,490 shares in the last quarter. Eagle Asset Management Inc. bought a new position in Aris Water Solutions during the 3rd quarter valued at approximately $10,828,000. Geode Capital Management LLC increased its position in Aris Water Solutions by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock valued at $10,450,000 after buying an additional 18,304 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Aris Water Solutions by 32.8% during the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after buying an additional 139,259 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in Aris Water Solutions by 4.7% in the third quarter. Wasatch Advisors LP now owns 523,533 shares of the company’s stock worth $8,832,000 after acquiring an additional 23,594 shares in the last quarter. Institutional investors 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.