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

Aris Water Solutions (NYSE:ARIS) was downgraded by stock analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a research report issued on Wednesday, Marketbeat.com reports. They presently have a $27.00 price target on the stock, up from their previous price target of $25.00. Evercore ISI’s price objective indicates a potential downside of 1.71% from the stock’s previous close.

A number of other equities research analysts have also weighed in on ARIS. Citigroup reissued a “neutral” rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report 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. The Goldman Sachs Group lifted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Aris Water Solutions currently has an average rating of “Hold” and an average price target of $26.50.

Aris Water Solutions Price Performance

ARIS stock opened at $27.47 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market cap of $1.60 billion, a P/E ratio of 34.34 and a beta of 1.94. The firm’s fifty day moving average is $25.06 and its 200 day moving average is $19.35. Aris Water Solutions has a 52 week low of $7.74 and a 52 week high of $28.16.

Insider Buying and Selling at Aris Water Solutions

In other news, insider S Corp Gable sold 331,181 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $25.16, for a total value of $8,332,513.96. Following the completion of the transaction, the insider now owns 2,268,559 shares in the company, valued at $57,076,944.44. This trade represents a 12.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the sale, the director now 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.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Aris Water Solutions by 277.0% in the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after acquiring an additional 25,790 shares in the last quarter. 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. HighTower Advisors LLC lifted its holdings in shares of Aris Water Solutions by 66.2% during the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after purchasing an additional 8,499 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Aris Water Solutions in the 3rd quarter worth approximately $266,000. Finally, American Century Companies Inc. boosted its position in shares of Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after purchasing an additional 284,788 shares in the last quarter. Hedge funds and other 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.