StockNews.com Downgrades Aris Water Solutions (NYSE:ARIS) to Sell

Aris Water Solutions (NYSE:ARIS) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other research firms have also recently commented on ARIS. Wells Fargo & Company lifted their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Citigroup reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. 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 report on Tuesday, December 17th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group upped their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Aris Water Solutions presently has a consensus rating of “Hold” and an average target price of $27.00.

Aris Water Solutions Stock Performance

ARIS opened at $24.69 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a 12-month low of $13.24 and a 12-month high of $33.95. The business has a 50 day moving average of $28.72 and a 200-day moving average of $24.98. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 30.86 and a beta of 1.81.

Insider Activity at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 32,305 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total value of $973,995.75. Following the completion of the transaction, the chief operating officer now owns 85,656 shares of the company’s stock, valued at $2,582,528.40. The trade was a 27.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $28.92, for a total transaction of $289,200.00. Following the sale, the chief accounting officer now directly owns 44,827 shares of the company’s stock, valued at $1,296,396.84. This represents a 18.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,604 shares of company stock worth $29,817,145. Company insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several large investors have recently made changes to their positions in ARIS. Ameriprise Financial Inc. lifted its stake in Aris Water Solutions by 3.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock worth $65,218,000 after purchasing an additional 81,413 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Aris Water Solutions during the 4th quarter worth $29,663,000. Wellington Management Group LLP lifted its position in shares of Aris Water Solutions by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock worth $23,112,000 after buying an additional 9,395 shares during the last quarter. State Street Corp boosted its stake in Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after buying an additional 80,490 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Aris Water Solutions by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company’s stock valued at $15,357,000 after acquiring an additional 8,844 shares during the last quarter. Institutional investors and hedge funds 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.