Perigon Wealth Management LLC Makes New Investment in Aris Water Solutions, Inc. (NYSE:ARIS)

Perigon Wealth Management LLC acquired a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,360 shares of the company's stock, valued at approximately $320,000.

A number of other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company's stock worth $8,836,000 after buying an additional 139,259 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Aris Water Solutions in the 2nd quarter worth approximately $312,000. AQR Capital Management LLC purchased a new stake in shares of Aris Water Solutions in the 2nd quarter valued at $765,000. Algert Global LLC bought a new position in shares of Aris Water Solutions during the 2nd quarter valued at $199,000. Finally, Point72 Asset Management L.P. purchased a new position in Aris Water Solutions in the 2nd quarter worth $82,000. 39.71% of the stock is owned by institutional investors.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the transaction, the director now owns 42,082 shares of the company's stock, valued at approximately $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions 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 ninety days, insiders sold 4,161,178 shares of company stock valued at $106,845,859. Company insiders own 22.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citigroup reaffirmed a "neutral" rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. US Capital Advisors cut Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. The Goldman Sachs Group lifted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. cut shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and increased their price target for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Trading Up 7.5 %

ARIS stock traded up $1.96 on Thursday, reaching $27.90. The company's stock had a trading volume of 938,391 shares, compared to its average volume of 1,014,831. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The business has a fifty day simple moving average of $26.07 and a two-hundred day simple moving average of $20.79. The firm has a market cap of $1.62 billion, a PE ratio of 34.87 and a beta of 1.94. Aris Water Solutions, Inc. has a 12-month low of $8.42 and a 12-month high of $30.40.

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.