Legato Capital Management LLC Buys 6,259 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Legato Capital Management LLC raised its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,186 shares of the company’s stock after acquiring an additional 6,259 shares during the period. Legato Capital Management LLC’s holdings in Aris Water Solutions were worth $2,232,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Perigon Wealth Management LLC purchased a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $320,000. Janney Montgomery Scott LLC purchased a new position in Aris Water Solutions during the fourth quarter worth about $279,000. SG Americas Securities LLC grew its position 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 worth $262,000 after purchasing an additional 3,554 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Aris Water Solutions by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after buying an additional 216,158 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Aris Water Solutions during the 3rd quarter worth approximately $514,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on ARIS. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Wells Fargo & Company lifted their target price on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus increased their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.50.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $28.88 on Wednesday. The firm’s 50 day simple moving average is $26.13 and its 200 day simple moving average is $21.10. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 1-year low of $8.46 and a 1-year high of $30.40. The firm has a market capitalization of $1.68 billion, a PE ratio of 36.10 and a beta of 1.94.

Insider Transactions at Aris Water Solutions

In related news, insider S Corp Gable sold 331,181 shares of Aris Water Solutions stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the completion of the sale, the insider now owns 2,268,559 shares of the company’s stock, valued at approximately $57,076,944.44. This trade represents a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was 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. Over the last quarter, insiders have sold 4,159,678 shares of company stock valued at $106,807,774. 23.06% of the stock is currently owned by company insiders.

About Aris Water Solutions

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.