Wellington Management Group LLP Has $12.60 Million Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Wellington Management Group LLP trimmed its stake in Aris Water Solutions, Inc. (NYSE:ARISFree Report) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,262,243 shares of the company’s stock after selling 42,712 shares during the period. Wellington Management Group LLP owned about 2.19% of Aris Water Solutions worth $12,597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. American International Group Inc. grew its position in Aris Water Solutions by 6.7% in the 2nd quarter. American International Group Inc. now owns 10,306 shares of the company’s stock worth $172,000 after purchasing an additional 644 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Aris Water Solutions by 39.8% during the 2nd quarter. Legal & General Group Plc now owns 2,430 shares of the company’s stock valued at $41,000 after acquiring an additional 692 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Aris Water Solutions by 64.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,469 shares of the company’s stock valued at $25,000 after acquiring an additional 965 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Aris Water Solutions by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 60,580 shares of the company’s stock valued at $873,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Aris Water Solutions by 4.6% during the 1st quarter. Rhumbline Advisers now owns 29,081 shares of the company’s stock valued at $227,000 after acquiring an additional 1,282 shares in the last quarter. 45.02% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Trading Down 1.1 %

Shares of NYSE ARIS opened at $13.49 on Friday. Aris Water Solutions, Inc. has a 1-year low of $6.69 and a 1-year high of $13.98. The company has a market cap of $779.65 million, a PE ratio of 22.48 and a beta of 1.64. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average of $10.15 and a two-hundred day moving average of $9.32.

Aris Water Solutions (NYSE:ARISGet Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. The company had revenue of $104.13 million during the quarter, compared to the consensus estimate of $97.65 million. As a group, equities analysts expect that Aris Water Solutions, Inc. will post 0.96 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Wednesday, March 6th. Aris Water Solutions’s dividend payout ratio is presently 60.00%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Aris Water Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. BMO Capital Markets boosted their price target on shares of Aris Water Solutions from $6.00 to $6.50 and gave the company an “outperform” rating in a research report on Tuesday, November 28th. Finally, Citigroup boosted their price target on shares of Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.36.

Check Out Our Latest Stock Report on ARIS

Aris Water Solutions Profile

(Free Report)

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. Its produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. The company's water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.

Further Reading

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Institutional Ownership by Quarter for Aris Water Solutions (NYSE:ARIS)

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