Janney Montgomery Scott LLC Purchases New Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Janney Montgomery Scott LLC purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 11,652 shares of the company’s stock, valued at approximately $279,000.

A number of other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions in the third quarter worth $39,000. New York State Teachers Retirement System lifted its position in shares of Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after purchasing an additional 2,346 shares during the period. SG Americas Securities LLC lifted its position in shares of Aris Water Solutions by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock worth $262,000 after purchasing an additional 3,554 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Aris Water Solutions during the 3rd quarter valued at about $2,080,000. Finally, Tidal Investments LLC purchased a new position in shares of Aris Water Solutions during the third quarter valued at about $252,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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 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 completion of the sale, the insider now owns 2,268,559 shares of the company’s stock, valued at approximately $57,076,944.44. This trade represents a 12.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The disclosure for this sale can be found here. Insiders have sold a total of 4,159,678 shares of company stock worth $106,807,774 in the last quarter. Corporate insiders own 23.06% of the company’s stock.

Aris Water Solutions Trading Up 2.9 %

NYSE ARIS opened at $28.88 on Wednesday. Aris Water Solutions, Inc. has a 12 month low of $8.46 and a 12 month high of $30.40. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average price is $26.13 and its 200-day moving average price is $21.10. The stock has a market cap of $1.68 billion, a P/E ratio of 36.10 and a beta of 1.94.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus lifted their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Aris Water Solutions has an average rating of “Hold” and an average price target of $26.50.

Aris Water Solutions 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.