Denali Advisors LLC Purchases Shares of 21,151 Aris Water Solutions, Inc. (NYSE:ARIS)

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

Several other large investors have also modified their holdings of the company. Meeder Asset Management Inc. bought a new position in Aris Water Solutions in the 3rd quarter worth $39,000. New York State Teachers Retirement System grew its position in shares of Aris Water Solutions by 2,346.0% in the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after purchasing an additional 2,346 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Aris Water Solutions by 7.0% in the third quarter. Janus Henderson Group PLC now owns 40,596 shares of the company’s stock valued at $685,000 after purchasing an additional 2,663 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Aris Water Solutions by 10.4% in the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company’s stock worth $806,000 after purchasing an additional 3,179 shares during the period. Finally, SG Americas Securities LLC lifted its position 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 worth $262,000 after purchasing an additional 3,554 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Stock Performance

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

Insider Activity

In related 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 transaction of $786,506.40. Following the completion of the transaction, the insider now owns 2,599,740 shares in the company, valued at $65,097,489.60. This trade represents a 1.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the company’s stock in a transaction 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. In the last 90 days, insiders sold 4,159,678 shares of company stock worth $106,807,774. 22.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ARIS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their target price for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Citigroup restated a “neutral” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Wells Fargo & Company increased their price target on shares of Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Finally, Stifel Nicolaus boosted 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Aris Water Solutions has a consensus rating of “Hold” and a consensus target price 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.