Westwood Holdings Group Inc. Invests $332,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Westwood Holdings Group Inc. acquired a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,844 shares of the company's stock, valued at approximately $332,000.

Other large investors have also modified their holdings of the company. Ameriprise Financial Inc. grew its stake in Aris Water Solutions by 3.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company's stock valued at $65,218,000 after purchasing an additional 81,413 shares in the last quarter. Raymond James Financial Inc. bought a new position in Aris Water Solutions during the 4th quarter worth approximately $29,663,000. Wellington Management Group LLP lifted its holdings in Aris Water Solutions by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock worth $23,112,000 after buying an additional 9,395 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Aris Water Solutions by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock worth $15,357,000 after buying an additional 8,844 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Aris Water Solutions by 76.9% during the 4th quarter. Invesco Ltd. now owns 365,685 shares of the company's stock worth $8,758,000 after buying an additional 159,024 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 several recent research reports. 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. Wells Fargo & Company cut their price target on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. One research 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. According to MarketBeat, Aris Water Solutions has a consensus rating of "Hold" and an average target price of $26.00.

Insider Buying and Selling

In other news, CFO Stephan E. Tompsett sold 20,000 shares of Aris Water Solutions stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer now owns 140,509 shares in the company, valued at approximately $4,215,270. The trade was a 12.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. Insiders have sold 1,070,604 shares of company stock worth $29,817,145 in the last three months. 37.84% of the stock is currently owned by insiders.

Aris Water Solutions Stock Performance

Aris Water Solutions stock traded up $0.56 during mid-day trading on Tuesday, hitting $23.91. 158,186 shares of the company's stock traded hands, compared to its average volume of 888,223. The firm has a 50 day moving average price of $26.15 and a 200 day moving average price of $26.56. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.41 billion, a PE ratio of 29.89 and a beta of 1.85. Aris Water Solutions, Inc. has a one year low of $13.34 and a one year high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $120.49 million for the quarter, compared to analysts' expectations of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. On average, equities analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, June 5th. 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.