Westwood Holdings Group Inc. Increases Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in Aris Water Solutions in the fourth quarter valued at $27,000. Harbour Investments Inc. grew its stake in Aris Water Solutions by 478.2% in the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock valued at $49,000 after acquiring an additional 1,272 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Aris Water Solutions during the 4th quarter valued at about $52,000. CWM LLC raised its position in Aris Water Solutions by 303.4% during the first quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after acquiring an additional 1,444 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings 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 purchasing an additional 3,522 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $19.89 on Thursday. The stock has a fifty day moving average price of $23.12 and a 200 day moving average price of $25.68. Aris Water Solutions, Inc. has a 52 week low of $13.34 and a 52 week high of $33.95. The firm has a market capitalization of $1.18 billion, a P/E ratio of 24.25 and a beta of 1.67. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $120.49 million during the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. Equities research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ARIS. Wall Street Zen cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Wells Fargo & Company cut their price target on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. 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 research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. started coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They set a "neutral" rating and a $25.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Aris Water Solutions presently has a consensus rating of "Hold" and a consensus price target of $26.50.

Aris Water Solutions Company 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.

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