Exchange Traded Concepts LLC Has $118,000 Stock Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Exchange Traded Concepts LLC reduced its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 96.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,913 shares of the company's stock after selling 133,038 shares during the quarter. Exchange Traded Concepts LLC's holdings in Aris Water Solutions were worth $118,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in Aris Water Solutions in the fourth quarter valued at about $279,000. SG Americas Securities LLC grew its stake in shares of 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 purchasing an additional 3,554 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock worth $6,783,000 after acquiring an additional 216,158 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Aris Water Solutions in the 3rd quarter valued at $514,000. Finally, Lord Abbett & CO. LLC grew its holdings in shares of Aris Water Solutions by 4.0% during the third quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company's stock worth $5,940,000 after purchasing an additional 13,676 shares during the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Price Performance

Aris Water Solutions stock traded down $0.10 during trading hours on Wednesday, reaching $25.86. 670,033 shares of the stock were exchanged, compared to its average volume of 1,021,596. The stock has a 50 day moving average of $26.05 and a two-hundred day moving average of $20.74. The company has a market cap of $1.51 billion, a P/E ratio of 32.32 and a beta of 1.94. 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 twelve month low of $8.31 and a twelve month high of $30.40.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ARIS. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Stifel Nicolaus raised their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Citigroup restated a "neutral" rating and set a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered Aris Water Solutions from an "overweight" rating to a "neutral" rating and lifted their target price for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and raised their price target for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $26.50.

Insider Buying and Selling

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 stock was 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 SEC, which is accessible through this link. Also, major shareholder S Corp Gable sold 38,739 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the transaction, the insider now owns 3,111,738 shares in the company, valued at $77,886,802.14. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,161,178 shares of company stock worth $106,845,859 in the last ninety days. Company insiders own 22.46% of the company's stock.

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.