Aris Water Solutions, Inc. (NYSE:ARIS) Shares Purchased by Westwood Holdings Group Inc.

Key Points

• Westwood Holdings Group Inc. increased its ownership in Aris Water Solutions by 2,146.0% in Q1, acquiring an additional 297,089 shares and totaling to approximately $9.96 million.
• Aris Water Solutions reported $0.25 EPS for its latest quarter, exceeding analysts' expectations, and has a market capitalization of $1.18 billion.
• Current stock performance includes a 52-week low of $13.34 and a high of $33.95, with brokerages reflecting mixed sentiment toward the stock, including an upgrade to "buy" by Goldman Sachs.

Westwood Holdings Group Inc. lifted its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 2,146.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 310,933 shares of the company's stock after buying an additional 297,089 shares during the quarter. Westwood Holdings Group Inc. owned about 0.53% of Aris Water Solutions worth $9,962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Quarry LP bought a new position in Aris Water Solutions during the fourth quarter valued at $27,000. Harbour Investments Inc. boosted its stake in Aris Water Solutions by 478.2% in the first quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after buying an additional 1,272 shares in the last quarter. CWM LLC grew its holdings in shares of Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock valued at $62,000 after purchasing an additional 1,444 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions in the fourth quarter valued at approximately $52,000. Finally, Farther Finance Advisors LLC increased its position in shares of 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 acquiring an additional 3,522 shares during the period. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Stock Up 0.2%

NYSE ARIS traded up $0.04 during trading on Monday, hitting $23.66. The company's stock had a trading volume of 903,472 shares, compared to its average volume of 882,551. The business's 50 day simple moving average is $23.18 and its 200-day simple moving average is $25.55. The company has a market cap of $1.40 billion, a PE ratio of 28.87 and a beta of 1.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 1.87. Aris Water Solutions, Inc. has a fifty-two week low of $14.46 and a fifty-two week high of $33.95.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wall Street Zen cut shares of 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 target price on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. assumed coverage on Aris Water Solutions in a report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 target price on the stock. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Finally, Wells Fargo & Company cut 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 equities 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's stock. According to data from MarketBeat, the stock 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.