Aris Water Solutions (NYSE:ARIS) Price Target Raised to $28.00 at Stifel Nicolaus

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

Several other equities analysts have also commented on ARIS. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Evercore ISI lifted their price target on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.83.

Aris Water Solutions Trading Down 1.1 %

NYSE:ARIS opened at $24.79 on Tuesday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 30.99 and a beta of 1.91. The business has a 50 day simple moving average of $21.92 and a 200 day simple moving average of $18.05. 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 12-month low of $7.74 and a 12-month high of $27.94.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Insider Buying and Selling

In related news, 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 $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eagle Asset Management Inc. acquired a new position in shares of Aris Water Solutions in the 3rd quarter worth approximately $10,828,000. American Century Companies Inc. boosted its holdings in Aris Water Solutions by 140.3% during the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after buying an additional 284,788 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after buying an additional 139,259 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Aris Water Solutions by 988.8% in the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock valued at $2,327,000 after buying an additional 125,281 shares in the last quarter. Finally, Nicholas Investment Partners LP bought a new position in shares of Aris Water Solutions in the second quarter valued at $1,703,000. 39.71% of the stock is currently owned by institutional investors.

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.