Wellington Management Group LLP Has $10.83 Million Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Wellington Management Group LLP increased its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,290,231 shares of the company’s stock after purchasing an additional 27,988 shares during the period. Wellington Management Group LLP’s holdings in Aris Water Solutions were worth $10,825,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in Aris Water Solutions by 27.3% during the third quarter. PNC Financial Services Group Inc. now owns 16,253 shares of the company’s stock worth $162,000 after purchasing an additional 3,486 shares during the period. SG Americas Securities LLC grew its stake in Aris Water Solutions by 31.9% during the fourth quarter. SG Americas Securities LLC now owns 16,101 shares of the company’s stock worth $135,000 after purchasing an additional 3,897 shares during the period. Tower Research Capital LLC TRC grew its stake in Aris Water Solutions by 221.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the company’s stock worth $55,000 after purchasing an additional 4,503 shares during the period. Bridge City Capital LLC grew its stake in Aris Water Solutions by 6.8% in the third quarter. Bridge City Capital LLC now owns 86,512 shares of the company’s stock valued at $863,000 after acquiring an additional 5,523 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in Aris Water Solutions in the fourth quarter valued at approximately $86,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. TheStreet raised Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Evercore ISI lifted their price target on Aris Water Solutions from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Wells Fargo & Company lifted their price target on Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Citigroup lifted their price target on Aris Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, The Goldman Sachs Group lifted their price target on Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Aris Water Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $14.93.

Insider Buying and Selling

In related news, CEO Amanda M. Brock sold 107,946 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $16.65, for a total transaction of $1,797,300.90. Following the completion of the transaction, the chief executive officer now directly owns 549,963 shares in the company, valued at $9,156,883.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Amanda M. Brock sold 107,946 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $16.65, for a total value of $1,797,300.90. Following the completion of the transaction, the chief executive officer now directly owns 549,963 shares in the company, valued at approximately $9,156,883.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanda M. Brock sold 62,054 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $16.43, for a total value of $1,019,547.22. Following the completion of the transaction, the chief executive officer now owns 487,909 shares of the company’s stock, valued at $8,016,344.87. The disclosure for this sale can be found here. 23.06% of the stock is owned by company insiders.

Aris Water Solutions Stock Performance

NYSE:ARIS opened at $14.93 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. Aris Water Solutions, Inc. has a 52-week low of $7.22 and a 52-week high of $17.27. The firm has a market cap of $867.28 million, a price-to-earnings ratio of 20.74 and a beta of 1.65. The business’s fifty day moving average is $15.06 and its 200 day moving average is $12.06.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Tuesday, May 7th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. Aris Water Solutions had a return on equity of 4.62% and a net margin of 5.73%. The business had revenue of $103.41 million during the quarter, compared to analysts’ expectations of $97.43 million. Research analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.81%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, June 6th. Aris Water Solutions’s payout ratio is presently 58.33%.

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.