Bridge City Capital LLC Sells 52,414 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Bridge City Capital LLC reduced its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 149,326 shares of the company's stock after selling 52,414 shares during the quarter. Aris Water Solutions accounts for about 1.4% of Bridge City Capital LLC's holdings, making the stock its 21st biggest holding. Bridge City Capital LLC owned approximately 0.26% of Aris Water Solutions worth $4,784,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Aris Water Solutions in the 4th quarter worth approximately $27,000. Larson Financial Group LLC bought a new position in Aris Water Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions in the fourth quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Aris Water Solutions in the fourth quarter valued at $52,000. Finally, Meeder Asset Management Inc. boosted its position in 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 acquiring an additional 1,726 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ARIS shares. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Wells Fargo & Company dropped their price target on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group cut their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. One 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, Aris Water Solutions has a consensus rating of "Hold" and an average target price of $26.00.

Insider Buying and Selling

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 37.84% of the stock is currently owned by corporate insiders.

Aris Water Solutions Stock Up 1.1%

NYSE:ARIS traded up $0.28 during trading hours on Thursday, hitting $25.48. 437,860 shares of the company traded hands, compared to its average volume of 610,423. Aris Water Solutions, Inc. has a one year low of $13.34 and a one year high of $33.95. The company has a market cap of $1.51 billion, a PE ratio of 31.85 and a beta of 1.70. The firm's 50-day simple moving average is $24.27 and its 200-day simple moving average is $26.41. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its earnings results 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 3.74% and a net margin of 6.29%. The firm had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Equities analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 annualized dividend and a yield of 2.20%. Aris Water Solutions's payout ratio is currently 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.