US Capital Advisors cut shares of Aris Water Solutions (NYSE:ARIS – Free Report) from a strong-buy rating to a moderate buy rating in a research report released on Tuesday morning,Zacks.com reports. US Capital Advisors also issued estimates for Aris Water Solutions’ Q4 2024 earnings at $0.42 EPS, Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.50 EPS and Q4 2025 earnings at $0.49 EPS.
Several other analysts also recently commented on the stock. Evercore ISI raised their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Finally, Stifel Nicolaus raised their target price on Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions has an average rating of “Moderate Buy” and an average price target of $20.50.
Get Our Latest Stock Report on Aris Water Solutions
Aris Water Solutions Trading Down 1.4 %
Aris Water Solutions Dividend Announcement
The firm 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 dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is currently 52.50%.
Insider Transactions at Aris Water Solutions
In related news, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction that occurred 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 transaction, the director now owns 42,082 shares of the company’s stock, valued at $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.06% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Aris Water Solutions
Large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions in the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. bought a new position in shares of Aris Water Solutions in the third quarter valued at approximately $39,000. New York State Teachers Retirement System increased its position in shares of Aris Water Solutions by 2,346.0% during the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after acquiring an additional 2,346 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Aris Water Solutions during the second quarter valued at approximately $46,000. Finally, Point72 Asset Management L.P. bought a new stake in Aris Water Solutions during the second quarter worth $82,000. 39.71% of the stock is currently owned by institutional investors.
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.
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