Van ECK Associates Corp Has $1.51 Million Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Van ECK Associates Corp lowered its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 31.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,217 shares of the company’s stock after selling 29,583 shares during the quarter. Van ECK Associates Corp owned about 0.11% of Aris Water Solutions worth $1,514,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in Aris Water Solutions during the 3rd quarter worth $39,000. New York State Teachers Retirement System boosted its holdings in 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 worth $41,000 after acquiring an additional 2,346 shares during the last quarter. Tidal Investments LLC purchased a new position in Aris Water Solutions during the 3rd quarter worth $252,000. SG Americas Securities LLC boosted its holdings 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 acquiring an additional 3,554 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in Aris Water Solutions during the 3rd quarter worth $266,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Insider Activity at Aris Water Solutions

In related news, insider S Corp Gable sold 31,410 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $25.04, for a total value of $786,506.40. Following the sale, the insider now directly owns 2,599,740 shares in the company, valued at approximately $65,097,489.60. The trade was a 1.19 % decrease in their position. 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 dated 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. In the last three months, insiders have sold 4,159,678 shares of company stock worth $106,807,774. Company insiders own 23.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Stifel Nicolaus lifted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. 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. Citigroup reissued a “neutral” rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price target for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.50.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS opened at $26.58 on Friday. Aris Water Solutions, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $30.40. The company’s 50-day moving average is $26.45 and its 200 day moving average is $21.67. The company has a market capitalization of $1.55 billion, a P/E ratio of 33.22 and a beta of 1.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

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.