Legato Capital Management LLC Has $2.23 Million Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Legato Capital Management LLC grew its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 93,186 shares of the company’s stock after acquiring an additional 6,259 shares during the period. Legato Capital Management LLC owned 0.16% of Aris Water Solutions worth $2,232,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Perigon Wealth Management LLC bought a new position in Aris Water Solutions in the fourth quarter valued at about $320,000. Janney Montgomery Scott LLC bought a new position in Aris Water Solutions in the 4th quarter valued at approximately $279,000. SG Americas Securities LLC boosted its position in Aris Water Solutions by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock worth $262,000 after buying an additional 3,554 shares during the period. JPMorgan Chase & Co. increased its position in Aris Water Solutions by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after acquiring an additional 216,158 shares during the period. Finally, Principal Financial Group Inc. bought a new position in shares of Aris Water Solutions during the third quarter valued at $514,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Insider Activity

In other Aris Water Solutions news, insider S Corp Gable sold 31,410 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $25.04, for a total value of $786,506.40. Following the completion of the sale, the insider now owns 2,599,740 shares of the company’s stock, valued at approximately $65,097,489.60. This trade represents a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction that occurred 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 sold 4,159,678 shares of company stock worth $106,807,774 in the last quarter. 23.06% of the stock is owned by corporate insiders.

Aris Water Solutions Trading Up 2.9 %

Shares of ARIS stock opened at $28.88 on Wednesday. The company has a market cap of $1.68 billion, a P/E ratio of 36.10 and a beta of 1.94. Aris Water Solutions, Inc. has a fifty-two week low of $8.46 and a fifty-two week high of $30.40. The stock has a 50 day simple moving average of $26.13 and a two-hundred day simple moving average of $21.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ARIS shares. The Goldman Sachs Group boosted their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Citigroup restated a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Stifel Nicolaus upped their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company raised their price target on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.50.

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.