Wellington Management Group LLP Has $16.12 Million Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Wellington Management Group LLP cut its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 955,613 shares of the company’s stock after selling 73,462 shares during the period. Wellington Management Group LLP’s holdings in Aris Water Solutions were worth $16,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ARIS. Rhumbline Advisers boosted its position in shares of Aris Water Solutions by 1.7% during the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after buying an additional 758 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions in the 2nd quarter valued at approximately $27,000. Kings Path Partners LLC boosted its position in Aris Water Solutions by 2.6% during the 3rd quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock worth $1,134,000 after acquiring an additional 1,735 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Aris Water Solutions during the 3rd quarter worth approximately $39,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Aris Water Solutions by 3.3% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 73,471 shares of the company’s stock valued at $1,151,000 after purchasing an additional 2,328 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on ARIS shares. The Goldman Sachs Group increased their target price on shares of Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Stifel Nicolaus raised their target price on shares of Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI upped their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their target price for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Aris Water Solutions Stock Up 0.0 %

ARIS opened at $25.81 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a fifty day moving average of $21.61 and a 200-day moving average of $17.89. Aris Water Solutions, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $27.94. The company has a market capitalization of $1.50 billion, a P/E ratio of 32.26 and a beta of 1.91.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.105 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.63%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Insider Buying and Selling

In other news, Director Debra Coy sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the transaction, the director now directly owns 42,082 shares in the company, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.06% of the stock is owned by company insiders.

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.