Janus Henderson Group PLC Purchases 2,663 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Janus Henderson Group PLC lifted its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,596 shares of the company’s stock after purchasing an additional 2,663 shares during the period. Janus Henderson Group PLC’s holdings in Aris Water Solutions were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ARIS. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. bought a new position in shares of Aris Water Solutions during the third quarter valued at $39,000. New York State Teachers Retirement System lifted its holdings in shares of Aris Water Solutions by 2,346.0% during the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after purchasing an additional 2,346 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Aris Water Solutions in the second quarter worth $46,000. Finally, Point72 Asset Management L.P. acquired a new stake in Aris Water Solutions in the second quarter valued at $82,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Insider Activity

In other news, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the transaction, the director now directly owns 42,082 shares in the company, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ARIS. The Goldman Sachs Group increased their target price on shares of Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Evercore ISI boosted their target price on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Stifel Nicolaus increased their price target on Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.50.

Aris Water Solutions Price Performance

ARIS stock opened at $25.81 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The company’s 50-day moving average is $21.61 and its 200-day moving average is $17.89. The stock has a market capitalization of $1.50 billion, a PE ratio of 32.26 and a beta of 1.91. Aris Water Solutions, Inc. has a 1 year low of $7.74 and a 1 year high of $27.94.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.63%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

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.