Alpine Woods Capital Investors LLC Sells 62,472 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Alpine Woods Capital Investors LLC cut its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 81.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,890 shares of the company’s stock after selling 62,472 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Aris Water Solutions were worth $445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Aris Water Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company’s stock worth $365,000 after purchasing an additional 557 shares in the last quarter. Quarry LP bought a new position in shares of Aris Water Solutions in the 4th quarter worth $27,000. Larson Financial Group LLC bought a new position in shares of Aris Water Solutions in the 4th quarter worth $28,000. SBI Securities Co. Ltd. bought a new position in shares of Aris Water Solutions in the 4th quarter worth $33,000. Finally, Centiva Capital LP lifted its holdings in shares of Aris Water Solutions by 11.1% in the 4th quarter. Centiva Capital LP now owns 13,647 shares of the company’s stock worth $327,000 after purchasing an additional 1,368 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ARIS shares. Citigroup reiterated a “neutral” rating on shares of Aris Water Solutions in a report on Monday, May 12th. Wells Fargo & Company cut their target price 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 cut Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group dropped 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Aris Water Solutions Trading Down 3.8%

Shares of Aris Water Solutions stock opened at $23.39 on Thursday. Aris Water Solutions, Inc. has a 1 year low of $13.34 and a 1 year high of $33.95. The firm has a market cap of $1.38 billion, a PE ratio of 28.52 and a beta of 1.69. The stock has a fifty day moving average price of $23.97 and a 200-day moving average price of $26.23. 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 (NYSE:ARIS) last announced its 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. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The firm had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. Equities research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, June 5th. Aris Water Solutions’s dividend payout ratio (DPR) is currently 68.29%.

About Aris Water Solutions

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.