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

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

Other equities analysts have also recently issued research reports about the company. Citigroup reiterated 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. Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, Wells Fargo & Company boosted their target price on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $27.00.

Aris Water Solutions Stock Up 4.3 %

Shares of Aris Water Solutions stock traded up $1.10 on Tuesday, hitting $26.47. The company had a trading volume of 396,998 shares, compared to its average volume of 573,683. The stock has a 50-day moving average of $28.05 and a 200-day moving average of $25.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions has a twelve month low of $13.34 and a twelve month high of $33.95. The firm has a market capitalization of $1.55 billion, a P/E ratio of 33.09 and a beta of 1.81.

Insider Activity

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 shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,827 shares in the company, valued at $1,296,396.84. The trade was a 18.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,070,604 shares of company stock valued at $29,817,145 in the last quarter. Company insiders own 23.06% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ARIS. Raymond James Financial Inc. bought a new stake in shares of Aris Water Solutions during the fourth quarter worth approximately $29,663,000. Whittier Trust Co. boosted its stake in Aris Water Solutions by 70,079.1% in the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock valued at $8,370,000 after purchasing an additional 348,994 shares during the period. NBW Capital LLC boosted its stake in Aris Water Solutions by 1,191.8% in the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company's stock valued at $6,307,000 after purchasing an additional 242,939 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Aris Water Solutions in the 4th quarter valued at $5,717,000. Finally, Horizon Kinetics Asset Management LLC bought a new position in Aris Water Solutions during the 4th quarter worth $5,492,000. 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.