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

Evercore ISI lowered shares of Aris Water Solutions (NYSE:ARIS) from an outperform rating to an in-line rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has $27.00 price objective on the stock, up from their previous price objective of $25.00.

A number of other research firms have also weighed in on ARIS. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. 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 note on Wednesday, December 18th. Stifel Nicolaus increased their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered 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 note on Wednesday, November 6th. Finally, 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 note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.50.

Aris Water Solutions Stock Up 5.5 %

Shares of ARIS opened at $28.91 on Wednesday. The firm has a market cap of $1.68 billion, a P/E ratio of 36.14 and a beta of 1.94. The stock has a 50 day simple moving average of $25.32 and a two-hundred day simple moving average of $19.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions has a 1 year low of $7.74 and a 1 year high of $29.39.

Aris Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.45%. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

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 value of $38,085.00. Following the completion of the transaction, the director now owns 42,082 shares in the company, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder S Corp Gable sold 38,739 shares of the 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 approximately $77,886,802.14. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 937,508 shares of company stock worth $23,642,936 over the last quarter. 23.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aris Water Solutions

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Aris Water Solutions in the second quarter worth $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Aris Water Solutions in the third quarter worth $39,000. New York State Teachers Retirement System grew its stake in shares of Aris Water Solutions by 2,346.0% in the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after acquiring an additional 2,346 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Aris Water Solutions in the second quarter worth $82,000. Finally, Algert Global LLC purchased a new stake in shares of Aris Water Solutions in the second quarter worth $199,000. 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.