Janney Montgomery Scott LLC Buys Shares of 11,652 Aris Water Solutions, Inc. (NYSE:ARIS)

Janney Montgomery Scott LLC purchased a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,652 shares of the company’s stock, valued at approximately $279,000.

Several other large investors also recently added to or reduced their stakes in ARIS. Meeder Asset Management Inc. bought a new position in Aris Water Solutions during the third quarter worth about $39,000. New York State Teachers Retirement System lifted its stake in shares of Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after buying an additional 2,346 shares in the last quarter. Tidal Investments LLC bought a new position in Aris Water Solutions in the 3rd quarter worth approximately $252,000. SG Americas Securities LLC grew its stake in Aris Water Solutions by 48.1% in 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 in the last quarter. Finally, Franklin Resources Inc. bought a new stake in Aris Water Solutions during the 3rd quarter valued at $266,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Insider Activity

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider S Corp Gable sold 31,410 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $25.04, for a total value of $786,506.40. Following the transaction, the insider now directly owns 2,599,740 shares in the company, valued at approximately $65,097,489.60. This represents a 1.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,159,678 shares of company stock worth $106,807,774. 23.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Stifel Nicolaus raised their price target on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company increased 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. Citigroup reaffirmed 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. Finally, JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and two have given 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 $26.50.

Aris Water Solutions Trading Up 2.9 %

Shares of ARIS opened at $28.88 on Wednesday. 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, Inc. has a 1-year low of $8.46 and a 1-year high of $30.40. The company has a market capitalization of $1.68 billion, a P/E ratio of 36.10 and a beta of 1.94. The firm’s 50 day simple moving average is $26.13 and its 200 day simple moving average is $21.10.

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.