Alpine Woods Capital Investors LLC Reduces 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 the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARIS. Quarry LP bought a new stake in Aris Water Solutions in the fourth quarter worth $27,000. Larson Financial Group LLC bought a new stake in shares of Aris Water Solutions during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new position in Aris Water Solutions in the 4th quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions during the 4th quarter valued at $52,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Aris Water Solutions by 74.5% during 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. Hedge funds and other institutional investors own 39.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ARIS. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group dropped their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. 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 on the stock in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Aris Water Solutions presently has an average rating of "Hold" and a consensus target price of $26.00.

Aris Water Solutions Stock Up 0.3%

Shares of Aris Water Solutions stock traded up $0.08 on Friday, reaching $23.03. The stock had a trading volume of 691,100 shares, compared to its average volume of 645,639. 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 stock has a market capitalization of $1.36 billion, a P/E ratio of 28.09 and a beta of 1.69. The company has a 50 day moving average price of $23.85 and a 200 day moving average price of $26.20. Aris Water Solutions, Inc. has a 1 year low of $13.34 and a 1 year high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $115.72 million. As a group, equities research analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $0.14 per share. 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.