Franklin Resources Inc. Invests $266,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Franklin Resources Inc. acquired a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,628 shares of the company’s stock, valued at approximately $266,000.

A number of other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Aris Water Solutions during the 2nd quarter worth about $27,000. Meeder Asset Management Inc. bought a new stake in shares of Aris Water Solutions in the 3rd quarter valued at approximately $39,000. New York State Teachers Retirement System increased its holdings in Aris Water Solutions by 2,346.0% in the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after buying an additional 2,346 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Aris Water Solutions during the second quarter valued at approximately $82,000. Finally, International Assets Investment Management LLC acquired a new stake in Aris Water Solutions in the third quarter valued at approximately $2,080,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Price Performance

NYSE ARIS opened at $23.95 on Thursday. The stock has a 50-day simple moving average of $23.67 and a 200 day simple moving average of $18.76. Aris Water Solutions, Inc. has a twelve month low of $7.74 and a twelve month high of $27.94. The stock has a market capitalization of $1.39 billion, a PE ratio of 29.94 and a beta of 1.91. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is currently 52.50%.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, major shareholder S Corp Gable sold 57,731 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.55, for a total value of $1,475,027.05. Following the completion of the transaction, the insider now owns 3,165,939 shares of the company’s stock, valued at $80,889,741.45. This represents a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Debra Coy sold 1,500 shares of the business’s 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 sale, the director now owns 42,082 shares in the company, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 574,917 shares of company stock worth $14,523,915 in the last ninety days. 23.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

ARIS has been the topic of several analyst reports. The Goldman Sachs Group increased 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 note on Thursday, December 19th. Wells Fargo & Company raised their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Evercore ISI increased their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Aris Water Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $24.83.

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.