Aris Water Solutions, Inc. (NYSE:ARIS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,053 shares of the company’s stock after selling 50,294 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.29% of Aris Water Solutions worth $3,977,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ARIS. International Assets Investment Management LLC acquired a new stake in shares of Aris Water Solutions during the third quarter worth $2,080,000. New York State Teachers Retirement System boosted its holdings in shares of Aris Water Solutions by 2,346.0% during the third 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 last quarter. Principal Financial Group Inc. acquired a new stake in shares of Aris Water Solutions during the third quarter worth $514,000. Meeder Asset Management Inc. acquired a new stake in shares of Aris Water Solutions during the third quarter worth $39,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Aris Water Solutions by 53.0% during the third quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company’s stock worth $355,000 after purchasing an additional 7,281 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Stock Up 0.6 %

NYSE:ARIS opened at $28.89 on Friday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 36.11 and a beta of 1.94. Aris Water Solutions, Inc. has a one year low of $9.38 and a one year high of $30.40. The stock has a 50-day simple moving average of $26.44 and a 200 day simple moving average of $21.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Insider Buying and Selling

In other Aris Water Solutions news, major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $25.81, for a total value of $83,202,922.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider S Corp Gable sold 331,181 shares of Aris Water Solutions stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.16, for a total value of $8,332,513.96. Following the completion of the transaction, the insider now owns 2,268,559 shares of the company’s stock, valued at approximately $57,076,944.44. The trade was a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,159,678 shares of company stock worth $106,807,774. Corporate insiders own 23.06% of the company’s stock.

Wall Street Analyst Weigh In

ARIS has been the topic of several analyst reports. Stifel Nicolaus raised their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. 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 report on Wednesday, January 8th. 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. Finally, Wells Fargo & Company increased their target price on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Aris Water Solutions has an average rating of “Hold” and a consensus 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.