Evercore ISI Downgrades Aris Water Solutions (NYSE:ARIS) to In-Line

Aris Water Solutions (NYSE:ARIS) was downgraded by research analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a research note issued on Wednesday, Marketbeat reports. They currently have a $27.00 price target on the stock, up from their previous price target of $25.00. Evercore ISI’s price target would suggest a potential downside of 5.81% from the stock’s previous close.

Several other analysts have also recently weighed in on ARIS. The Goldman Sachs Group lifted 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. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Citigroup reaffirmed a “neutral” rating and issued a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their price target on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Aris Water Solutions currently has a consensus rating of “Hold” and a consensus target price of $26.50.

Aris Water Solutions Trading Down 0.7 %

NYSE:ARIS opened at $28.67 on Wednesday. The company has a 50-day moving average price of $25.32 and a 200-day moving average price of $19.50. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 35.83 and a beta of 1.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a 12 month low of $7.74 and a 12 month high of $29.90.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The stock was 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. This trade represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the transaction, the insider now owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. This represents a 1.23 % decrease in their position. 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. 22.46% of the stock is owned by insiders.

Hedge Funds Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of ARIS. Barclays PLC raised its holdings in shares of Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after purchasing an additional 25,790 shares during the last quarter. State Street Corp raised its stake in Aris Water Solutions by 13.8% during the 3rd quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after buying an additional 80,490 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Aris Water Solutions by 66.2% during the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after buying an additional 8,499 shares during the period. Franklin Resources Inc. purchased a new position in shares of Aris Water Solutions in the 3rd quarter worth $266,000. Finally, American Century Companies Inc. grew its holdings in shares of Aris Water Solutions by 140.3% in the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after acquiring an additional 284,788 shares during the period. 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.