Janney Montgomery Scott LLC Takes Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Janney Montgomery Scott LLC acquired a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,652 shares of the company's stock, valued at approximately $279,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of 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 period. Barclays PLC raised its holdings in shares of Aris Water Solutions by 277.0% in the 3rd quarter. Barclays PLC now owns 35,102 shares of the company's stock valued at $592,000 after buying an additional 25,790 shares during the period. State Street Corp raised its holdings in shares of Aris Water Solutions by 13.8% in the 3rd quarter. State Street Corp now owns 662,324 shares of the company's stock valued at $11,173,000 after buying an additional 80,490 shares during the period. HighTower Advisors LLC raised its holdings in shares of Aris Water Solutions by 66.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company's stock valued at $361,000 after buying an additional 8,499 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in shares of Aris Water Solutions in the 3rd quarter valued at $266,000. Hedge funds and other institutional investors own 39.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ARIS. The Goldman Sachs Group boosted their price objective 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 upped their price target on Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded Aris Water Solutions from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company upped their price target on Aris Water Solutions from $21.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Stock Up 2.1 %

Shares of NYSE:ARIS traded up $0.56 on Friday, hitting $27.65. 354,749 shares of the company's stock were exchanged, compared to its average volume of 990,402. The firm's 50-day moving average is $26.23 and its 200 day moving average is $21.29. The company has a market capitalization of $1.61 billion, a PE ratio of 34.56 and a beta of 1.94. Aris Water Solutions, Inc. has a 1-year low of $9.17 and a 1-year high of $30.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Insider Transactions at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 38,739 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 3,111,738 shares of the company's stock, valued at $77,886,802.14. This represents a 1.23 % decrease in their position. The sale was disclosed in a document filed 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 4,159,678 shares of company stock valued at $106,807,774. 23.06% of the stock is currently owned by corporate insiders.

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.