Alpine Woods Capital Investors LLC Trims Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Alpine Woods Capital Investors LLC reduced its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 81.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 13,890 shares of the company's stock after selling 62,472 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Aris Water Solutions were worth $445,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Aris Water Solutions in the fourth quarter worth about $27,000. Larson Financial Group LLC purchased a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Aris Water Solutions in the 4th quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Aris Water Solutions in the fourth quarter valued at approximately $52,000. Finally, Meeder Asset Management Inc. lifted its stake in Aris Water Solutions by 74.5% in the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock valued at $97,000 after purchasing an additional 1,726 shares during the last quarter. Institutional investors own 39.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group lowered their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Finally, Wells Fargo & Company reduced their target price on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $26.00.

Aris Water Solutions Price Performance

ARIS traded up $0.08 during trading on Friday, reaching $23.03. 691,100 shares of the company were exchanged, compared to its average volume of 646,860. Aris Water Solutions, Inc. has a 12-month low of $13.34 and a 12-month high of $33.95. The company's 50-day moving average is $23.85 and its two-hundred day moving average is $26.21. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 28.09 and a beta of 1.69.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The firm had revenue of $120.49 million for the quarter, compared to analysts' expectations of $115.72 million. Research analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.43%. The ex-dividend date was Thursday, June 5th. Aris Water Solutions's dividend payout ratio is presently 68.29%.

Aris Water Solutions 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.