Los Angeles Capital Management LLC Has $541,000 Stock Position in Aris Water Solutions, Inc. $ARIS

Los Angeles Capital Management LLC lessened its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 19.5% during the second quarter, Holdings Channel.com reports. The firm owned 22,889 shares of the company’s stock after selling 5,559 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Aris Water Solutions were worth $541,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Comerica Bank increased its holdings in Aris Water Solutions by 64.4% in the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $41,000 after purchasing an additional 495 shares during the period. AlphaQuest LLC grew its position in shares of Aris Water Solutions by 7,114.3% in the 2nd quarter. AlphaQuest LLC now owns 1,515 shares of the company’s stock valued at $36,000 after buying an additional 1,494 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Aris Water Solutions by 478.2% in the first quarter. Harbour Investments Inc. now owns 1,538 shares of the company’s stock valued at $49,000 after buying an additional 1,272 shares during the period. CWM LLC raised its position in shares of Aris Water Solutions by 303.4% during the first quarter. CWM LLC now owns 1,920 shares of the company’s stock worth $62,000 after acquiring an additional 1,444 shares during the last quarter. Finally, Ancora Advisors LLC boosted its holdings in Aris Water Solutions by 154.0% in the first quarter. Ancora Advisors LLC now owns 2,032 shares of the company’s stock valued at $65,000 after acquiring an additional 1,232 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Capital One Financial downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Aris Water Solutions in a research note on Wednesday, October 8th. Evercore ISI dropped their target price on shares of Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating on the stock in a report on Monday, August 18th. Finally, Zacks Research upgraded Aris Water Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.50.

Aris Water Solutions Stock Performance

NYSE:ARIS opened at $23.60 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a twelve month low of $14.46 and a twelve month high of $33.95. The company has a fifty day moving average of $23.89 and a 200-day moving average of $23.59. The firm has a market capitalization of $1.40 billion, a P/E ratio of 28.43 and a beta of 1.67.

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.