Aris Water Solutions (NYSE:ARIS) Stock Rating Lowered by StockNews.com

Aris Water Solutions (NYSE:ARIS - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Tuesday.

A number of other equities analysts have also issued reports on the stock. 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 research report on Wednesday, January 8th. Evercore ISI lowered shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company lifted their target price on 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.00.

Aris Water Solutions Stock Up 1.5 %

NYSE ARIS traded up $0.39 during trading on Tuesday, hitting $25.35. 389,393 shares of the company traded hands, compared to its average volume of 571,666. The company has a market capitalization of $1.48 billion, a P/E ratio of 31.68 and a beta of 1.81. The business has a fifty day simple moving average of $28.06 and a 200 day simple moving average of $25.66. Aris Water Solutions has a 12 month low of $13.34 and a 12 month high of $33.95. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $27.70, for a total transaction of $27,700,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas A. Patterson sold 8,299 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the sale, the insider now owns 58,228 shares of the company's stock, valued at approximately $1,781,776.80. This represents a 12.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,604 shares of company stock valued at $29,817,145. Insiders own 23.06% of the company's stock.

Institutional Investors Weigh In On Aris Water Solutions

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after purchasing an additional 216,158 shares during the period. Barclays PLC boosted 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 valued at $592,000 after purchasing an additional 25,790 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Aris Water Solutions during the third quarter worth $266,000. New York State Common Retirement Fund raised its stake in Aris Water Solutions by 6.1% during the fourth quarter. New York State Common Retirement Fund now owns 115,782 shares of the company's stock worth $2,773,000 after buying an additional 6,700 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Aris Water Solutions in the third quarter valued at $514,000. Institutional investors and hedge funds own 39.71% of the company's stock.

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.