Brokerages Set Aris Water Solutions, Inc. (NYSE:ARIS) Price Target at $26.17

17 Jan 2025, 05:02 by Amy Steele · The Cerbat Gem

Shares of Aris Water Solutions, Inc. (NYSE:ARIS – Get Free Report) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $26.50.

Several brokerages have recently issued reports on ARIS. Citigroup reiterated a “neutral” rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Wells Fargo & Company raised their price target 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. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus raised their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price target for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th.

Check Out Our Latest Stock Analysis on ARIS

Insider Buying and Selling

In other Aris Water Solutions news, insider S Corp Gable sold 331,181 shares of Aris Water Solutions 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 sale, the insider now owns 2,268,559 shares of the company’s stock, valued at approximately $57,076,944.44. The trade was a 12.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the director now directly owns 42,082 shares in the company, valued at $1,068,461.98. This represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 937,508 shares of company stock valued at $23,642,936 over the last quarter. 22.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions during the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Aris Water Solutions during the 3rd quarter valued at approximately $39,000. New York State Teachers Retirement System lifted its position in shares of Aris Water Solutions by 2,346.0% during the 3rd 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 period. Point72 Asset Management L.P. acquired a new position in shares of Aris Water Solutions during the 2nd quarter worth approximately $82,000. Finally, Algert Global LLC acquired a new position in shares of Aris Water Solutions during the 2nd quarter worth approximately $199,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Trading Down 0.7 %

ARIS opened at $28.67 on Friday. The firm has a market cap of $1.67 billion, a P/E ratio of 35.83 and a beta of 1.94. 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 52 week low of $7.74 and a 52 week high of $29.90. The business has a fifty day simple moving average of $25.32 and a 200-day simple moving average of $19.50.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s payout ratio is 52.50%.

Aris Water Solutions Company Profile

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