Aris Water Solutions, Inc. (NYSE:ARIS) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 965,008 shares of the company’s stock after acquiring an additional 9,395 shares during the period. Wellington Management Group LLP owned about 1.66% of Aris Water Solutions worth $23,112,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ARIS. Larson Financial Group LLC acquired a new position in Aris Water Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Aris Water Solutions during the 4th quarter valued at $33,000. Intech Investment Management LLC purchased a new stake in shares of Aris Water Solutions during the 4th quarter valued at about $237,000. Tidal Investments LLC purchased a new stake in Aris Water Solutions during the 3rd quarter worth $252,000. Finally, SG Americas Securities LLC grew its stake in Aris Water Solutions by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock valued at $262,000 after purchasing an additional 3,554 shares in the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Performance

ARIS opened at $26.04 on Tuesday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 32.54 and a beta of 1.81. Aris Water Solutions, Inc. has a 1 year low of $12.44 and a 1 year high of $33.95. The business’s 50-day moving average price is $28.87 and its two-hundred day moving average price is $24.76. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.14 per share. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 2.15%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 70.00%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARIS. Citigroup reaffirmed a “neutral” rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Stifel Nicolaus raised their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company boosted their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, StockNews.com downgraded Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Aris Water Solutions presently has an average rating of “Hold” and an average target price of $27.00.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $28.92, for a total transaction of $289,200.00. Following the completion of the transaction, the chief accounting officer now owns 44,827 shares in the company, valued at $1,296,396.84. This trade represents a 18.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,604 shares of company stock worth $29,817,145 over the last ninety days. Insiders own 23.06% of the company’s stock.

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.