Allspring Global Investments Holdings LLC Decreases Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Allspring Global Investments Holdings LLC reduced its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 23.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,053 shares of the company's stock after selling 50,294 shares during the period. Allspring Global Investments Holdings LLC owned about 0.29% of Aris Water Solutions worth $3,977,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ARIS. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions during the third quarter worth $39,000. New York State Teachers Retirement System boosted its holdings in 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 buying an additional 2,346 shares in the last quarter. Tidal Investments LLC purchased a new stake in Aris Water Solutions during the third quarter worth $252,000. SG Americas Securities LLC boosted its holdings in Aris Water Solutions by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock worth $262,000 after buying an additional 3,554 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Aris Water Solutions during the third quarter worth $266,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup restated a "neutral" rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Evercore ISI cut shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Wells Fargo & Company upped their price objective on shares of 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. US Capital Advisors cut shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. cut shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and upped their price objective for the stock 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $26.50.

Insider Activity

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total transaction of $969,637.17. Following the completion of the transaction, the insider now directly owns 3,111,738 shares of the company's stock, valued at approximately $77,886,802.14. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,159,678 shares of company stock valued at $106,807,774. 23.06% of the stock is currently owned by company insiders.

Aris Water Solutions Trading Down 7.8 %

ARIS stock traded down $2.26 during mid-day trading on Friday, hitting $26.58. 1,744,371 shares of the company were exchanged, compared to its average volume of 921,961. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.55 billion, a P/E ratio of 33.22 and a beta of 1.94. The business has a fifty day simple moving average of $26.44 and a 200-day simple moving average of $21.59. Aris Water Solutions, Inc. has a 12-month low of $9.38 and a 12-month high of $30.40.

Aris Water Solutions Company 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.