Wellington Management Group LLP Lowers Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Wellington Management Group LLP decreased its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 7.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 955,613 shares of the company's stock after selling 73,462 shares during the period. Wellington Management Group LLP owned about 1.64% of Aris Water Solutions worth $16,121,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ARIS. Eagle Asset Management Inc. purchased a new stake in Aris Water Solutions in the 3rd quarter worth $10,828,000. American Century Companies Inc. increased its stake in shares of Aris Water Solutions by 140.3% during the second quarter. American Century Companies Inc. now owns 487,840 shares of the company's stock worth $7,644,000 after purchasing an additional 284,788 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Aris Water Solutions by 32.8% during the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company's stock worth $8,836,000 after purchasing an additional 139,259 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Aris Water Solutions by 988.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company's stock worth $2,327,000 after purchasing an additional 125,281 shares during the last quarter. Finally, Nicholas Investment Partners LP purchased a new position in Aris Water Solutions in the 2nd quarter valued at about $1,703,000. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Trading Up 0.0 %

Aris Water Solutions stock traded up $0.01 during midday trading on Friday, hitting $25.81. 441,795 shares of the stock were exchanged, compared to its average volume of 362,367. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock's 50-day simple moving average is $21.61 and its 200 day simple moving average is $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 stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 32.26 and a beta of 1.91.

Aris Water Solutions Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.63%. Aris Water Solutions's dividend payout ratio (DPR) is 52.50%.

Insider Buying and Selling

In related news, Director Debra Coy sold 1,500 shares of Aris Water Solutions 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 owns 42,082 shares in the company, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Stifel Nicolaus increased their target price on Aris Water Solutions from $20.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. US Capital Advisors lowered shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Evercore ISI raised 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 note 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 price objective for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.50.

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.