3 hours Ago By ABMN Staff
SBI Securities Co. Ltd. purchased a new position in shares of Aris Water Solutions, Inc.
( NYSE:ARIS – Free Report ) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,360 shares of the company’s stock, valued at approximately $33,000. Several other hedge funds have also recently modified their holdings of ARIS.
Eagle Asset Management Inc. acquired a new position in shares of Aris Water Solutions during the 3rd quarter worth $10,828,000. JPMorgan Chase & Co.
raised its position 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 purchasing an additional 216,158 shares in the last quarter. State Street Corp raised its position 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 purchasing an additional 80,490 shares in the last quarter. Oppenheimer & Co. Inc.
bought a new stake in shares of Aris Water Solutions in the 4th quarter valued at approximately $856,000. Finally, Principal Financial Group Inc. bought a new position in Aris Water Solutions during the 3rd quarter worth $514,000.
39.71% of the stock is owned by institutional investors and hedge funds. Aris Water Solutions Trading Down 2.
4 % NYSE ARIS opened at $29.84 on Thursday. Aris Water Solutions, Inc.
has a 12 month low of $12.44 and a 12 month high of $32.56.
The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.
62. The company has a market capitalization of $1.74 billion, a PE ratio of 37.
29 and a beta of 1.88. The stock has a 50-day simple moving average of $27.
50 and a 200 day simple moving average of $22.88. Aris Water Solutions Increases Dividend Insider Transactions at Aris Water Solutions In other Aris Water Solutions news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm’s stock in a transaction on Friday, December 13th.
The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70.
The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website . Also, major shareholder S Corp Gable sold 38,739 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were 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 in the company, valued at approximately $77,886,802.
14. This represents a 1.23 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold 4,159,678 shares of company stock valued at $106,807,774 over the last three months. Company insiders own 23.
06% of the company’s stock. Analyst Upgrades and Downgrades ARIS has been the topic of a number of research analyst reports. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price target for the company from $25.
00 to $27.00 in a report on Wednesday, January 15th. Citigroup reaffirmed a “neutral” rating and set a $26.
00 price target (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Wells Fargo & Company raised their price objective on Aris Water Solutions from $26.
00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. The Goldman Sachs Group lifted their price objective on Aris Water Solutions from $21.
00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus boosted their price objective on Aris Water Solutions from $26.
00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock.
According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.00.
View Our Latest Report on Aris Water Solutions About Aris Water Solutions ( Free Report ) 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.
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