Westwood Holdings Group Inc. Buys 3,373 Shares of Aris Water Solutions, Inc. $ARIS

Westwood Holdings Group Inc. grew its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 314,306 shares of the company’s stock after purchasing an additional 3,373 shares during the period. Westwood Holdings Group Inc. owned about 0.53% of Aris Water Solutions worth $7,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC lifted its holdings in shares of Aris Water Solutions by 85.6% during the 2nd quarter. Intech Investment Management LLC now owns 25,352 shares of the company’s stock valued at $600,000 after purchasing an additional 11,691 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Aris Water Solutions during the 2nd quarter worth approximately $504,000. EagleClaw Capital Managment LLC bought a new position in Aris Water Solutions in the second quarter valued at approximately $2,546,000. Kaizen Financial Strategies boosted its holdings in shares of Aris Water Solutions by 2.2% in the second quarter. Kaizen Financial Strategies now owns 20,289 shares of the company’s stock valued at $480,000 after buying an additional 439 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Aris Water Solutions by 20.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,128 shares of the company’s stock valued at $169,000 after buying an additional 1,198 shares during the period. Institutional investors and hedge funds own 39.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ARIS. Weiss Ratings reiterated a “hold (c+)” rating on shares of Aris Water Solutions in a report on Wednesday, October 8th. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Evercore ISI dropped their target price on Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating on the stock in a research report on Monday, August 18th. Capital One Financial downgraded Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, Wells Fargo & Company set a $27.00 price target on shares of Aris Water Solutions in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Aris Water Solutions presently has a consensus rating of “Hold” and a consensus price target of $26.50.

Aris Water Solutions Stock Performance

Shares of NYSE ARIS opened at $23.60 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.40 billion, a P/E ratio of 28.43 and a beta of 1.67. Aris Water Solutions, Inc. has a 12 month low of $14.46 and a 12 month high of $33.95. The stock has a 50 day moving average of $23.89 and a 200-day moving average of $23.57.

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.