Oppenheimer & Co. Inc. Trims Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Oppenheimer & Co. Inc. cut its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 57.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,290 shares of the company's stock after selling 20,457 shares during the period. Oppenheimer & Co. Inc.'s holdings in Aris Water Solutions were worth $490,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its position in shares of Aris Water Solutions by 233.8% during the first quarter. Janney Montgomery Scott LLC now owns 38,898 shares of the company's stock worth $1,246,000 after acquiring an additional 27,246 shares during the last quarter. GAMMA Investing LLC grew its position in Aris Water Solutions by 4,584.0% during the 1st quarter. GAMMA Investing LLC now owns 29,509 shares of the company's stock worth $921,000 after purchasing an additional 28,879 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Aris Water Solutions by 3,062.6% in the first quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock valued at $119,000 after purchasing an additional 3,522 shares during the period. Principal Financial Group Inc. increased its stake in Aris Water Solutions by 10.4% in the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock valued at $806,000 after purchasing an additional 3,179 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Aris Water Solutions by 477.2% in the fourth quarter. Sei Investments Co. now owns 60,102 shares of the company's stock valued at $1,439,000 after buying an additional 49,690 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Analyst Upgrades and Downgrades

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

Aris Water Solutions Price Performance

ARIS stock traded down $0.21 on Thursday, reaching $24.38. 283,126 shares of the company's stock were exchanged, compared to its average volume of 637,282. The stock has a fifty day moving average of $24.13 and a 200-day moving average of $26.24. The firm has a market cap of $1.44 billion, a PE ratio of 29.73 and a beta of 1.69. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. Aris Water Solutions, Inc. has a twelve month low of $13.34 and a twelve month high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. As a group, equities analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.30%. Aris Water Solutions's payout ratio is 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.