Stifel Nicolaus Issues Positive Forecast for Aris Water Solutions (NYSE:ARIS) Stock Price

Aris Water Solutions (NYSE:ARIS) had its target price upped by Stifel Nicolaus from $26.00 to $28.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently commented on the stock. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective 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. Finally, Evercore ISI increased 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.83.

Aris Water Solutions Trading Up 2.5 %

NYSE ARIS opened at $23.91 on Tuesday. 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 firm has a 50-day moving average price of $22.18 and a 200 day moving average price of $18.13. The stock has a market capitalization of $1.39 billion, a P/E ratio of 29.89 and a beta of 1.91. Aris Water Solutions has a 52-week low of $7.74 and a 52-week high of $27.94.

Aris Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Insider Activity at Aris Water Solutions

In other news, major shareholder S Corp Gable sold 57,731 shares of the stock in a transaction 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 completion of the sale, the insider now owns 3,165,939 shares in the company, valued at approximately $80,889,741.45. This represents a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the firm’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 transaction, the director now owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Aris Water Solutions by 136.3% in the second quarter. SG Americas Securities LLC now owns 24,244 shares of the company’s stock valued at $380,000 after buying an additional 13,982 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in Aris Water Solutions in the 2nd quarter valued at $46,000. Legato Capital Management LLC grew its holdings 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 worth $866,000 after purchasing an additional 12,235 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Aris Water Solutions by 3.3% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 73,471 shares of the company’s stock worth $1,151,000 after buying an additional 2,328 shares during the last quarter. Finally, Kings Path Partners LLC acquired a new stake in Aris Water Solutions during the 2nd quarter valued at $1,026,000. Institutional investors own 39.71% of the company’s stock.

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.