Aris Water Solutions, Inc. $ARIS Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP sold 36.8% of its shares in Aris Water Solutions, reducing its ownership to approximately 1.04%, valued at $19.54 million.
• Aris Water Solutions recently announced a quarterly dividend of $0.14, providing an annual yield of 2.3%.
• Analysts have adjusted price targets for Aris Water Solutions, with an average target now at $26.50, reflecting a mix of ratings from buy to hold and sell.

Wellington Management Group LLP trimmed its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 36.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 609,829 shares of the company's stock after selling 355,179 shares during the period. Wellington Management Group LLP owned 1.04% of Aris Water Solutions worth $19,539,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Aris Water Solutions in the 4th quarter worth about $27,000. Harbour Investments Inc. boosted its stake in Aris Water Solutions by 478.2% in the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after buying an additional 1,272 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions in the 4th quarter worth about $52,000. CWM LLC boosted its stake in Aris Water Solutions by 303.4% in the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after buying an additional 1,444 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Aris Water Solutions by 3,062.6% in the 1st quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock worth $119,000 after buying an additional 3,522 shares during the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Evercore ISI decreased their price target on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a research note on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective on the stock. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group reduced their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Aris Water Solutions presently has a consensus rating of "Hold" and a consensus price target of $26.50.

Aris Water Solutions Trading Up 1.1%

Shares of NYSE ARIS traded up $0.28 during midday trading on Friday, hitting $24.27. The stock had a trading volume of 714,168 shares, compared to its average volume of 1,626,409. The company has a fifty day moving average price of $22.88 and a 200 day moving average price of $25.19. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 29.23 and a beta of 1.68. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 1-year low of $14.46 and a 1-year high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $124.09 million for the quarter, compared to analyst estimates of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. On average, analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.56 annualized dividend and a yield of 2.3%. Aris Water Solutions's payout ratio is 67.47%.

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.