NBW Capital LLC Lowers Stock Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Key Points

• NBW Capital LLC has reduced its stake in Aris Water Solutions by 24.1%, selling 63,517 shares, which now represents approximately 1.4% of their holdings.
• Research analysts have mixed sentiments toward Aris Water Solutions, with ratings ranging from sell to buy, and an average target price of $26.50.
• Aris Water Solutions reported earnings of $0.25 per share, exceeding estimates and generating revenues of $120.49 million for the recent quarter.

NBW Capital LLC decreased its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 24.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,807 shares of the company's stock after selling 63,517 shares during the quarter. Aris Water Solutions comprises approximately 1.4% of NBW Capital LLC's investment portfolio, making the stock its 24th biggest holding. NBW Capital LLC owned about 0.34% of Aris Water Solutions worth $6,402,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC raised its holdings in shares of Aris Water Solutions by 30.5% in the fourth quarter. LPL Financial LLC now owns 98,816 shares of the company's stock valued at $2,367,000 after purchasing an additional 23,123 shares during the last quarter. Alliancebernstein L.P. boosted its position in Aris Water Solutions by 12.7% during the fourth quarter. Alliancebernstein L.P. now owns 23,330 shares of the company's stock worth $559,000 after purchasing an additional 2,630 shares during the period. Trexquant Investment LP bought a new position in Aris Water Solutions during the fourth quarter worth $967,000. Envestnet Asset Management Inc. boosted its position in Aris Water Solutions by 28.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,529 shares of the company's stock worth $444,000 after purchasing an additional 4,086 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Aris Water Solutions by 76.9% in the fourth quarter. Invesco Ltd. now owns 365,685 shares of the company's stock valued at $8,758,000 after acquiring an additional 159,024 shares during the period. Institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Down 0.7%

NYSE ARIS traded down $0.16 on Friday, reaching $23.62. 3,984,908 shares of the stock traded hands, compared to its average volume of 928,237. Aris Water Solutions, Inc. has a 12 month low of $14.40 and a 12 month high of $33.95. The company has a fifty day moving average price of $23.18 and a 200-day moving average price of $25.58. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 1.87. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 28.81 and a beta of 1.67.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a research note on Tuesday, July 29th. They set a "neutral" rating and a $25.00 price target for the company. The Goldman Sachs Group decreased their price objective 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. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Finally, Wells Fargo & Company reduced their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.50.

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.