Denali Advisors LLC Makes New Investment in Aris Water Solutions, Inc. (NYSE:ARIS)

Denali Advisors LLC purchased a new stake in Aris Water Solutions, Inc. (NYSE:ARIS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,151 shares of the company’s stock, valued at approximately $507,000.

Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of Aris Water Solutions during the 3rd quarter valued at $39,000. New York State Teachers Retirement System lifted its holdings in 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 buying an additional 2,346 shares in the last quarter. Tidal Investments LLC purchased a new position in Aris Water Solutions in the third quarter valued at about $252,000. SG Americas Securities LLC boosted its stake in shares of Aris Water Solutions by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock valued at $262,000 after buying an additional 3,554 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in Aris Water Solutions during the 3rd quarter valued at $266,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider S Corp Gable sold 331,181 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the transaction, the insider now owns 2,268,559 shares in the company, 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 can be accessed through this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,159,678 shares of company stock worth $106,807,774. 22.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Aris Water Solutions Trading Down 0.3 %

NYSE:ARIS opened at $25.72 on Thursday. Aris Water Solutions, Inc. has a 1-year low of $9.76 and a 1-year high of $30.40. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 32.15 and a beta of 1.94. The stock has a fifty day simple moving average of $26.55 and a 200 day simple moving average of $21.96.

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.