Foundry Partners LLC Has $6.93 Million Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Foundry Partners LLC lifted its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 29.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 622,755 shares of the company’s stock after acquiring an additional 142,919 shares during the period. Foundry Partners LLC’s holdings in Select Water Solutions were worth $6,931,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. New York State Teachers Retirement System boosted its holdings in Select Water Solutions by 13.8% in the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock valued at $93,000 after purchasing an additional 1,010 shares during the period. GAMMA Investing LLC lifted its stake in shares of Select Water Solutions by 57.3% in the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock valued at $32,000 after buying an additional 1,096 shares during the period. ProShare Advisors LLC grew its position in Select Water Solutions by 8.6% during the first quarter. ProShare Advisors LLC now owns 14,356 shares of the company’s stock worth $133,000 after buying an additional 1,131 shares in the last quarter. CWM LLC increased its stake in Select Water Solutions by 55.2% during the second quarter. CWM LLC now owns 4,204 shares of the company’s stock valued at $45,000 after acquiring an additional 1,496 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Select Water Solutions by 15.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,993 shares of the company’s stock valued at $213,000 after acquiring an additional 3,142 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WTTR shares. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $11.50 to $14.50 in a research report on Thursday, August 22nd. Northland Capmk raised shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd.

Select Water Solutions Price Performance

Select Water Solutions stock opened at $14.20 on Thursday. The business has a 50 day simple moving average of $11.67 and a 200 day simple moving average of $11.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. The company has a market capitalization of $1.69 billion, a PE ratio of 24.07 and a beta of 1.67. Select Water Solutions, Inc. has a one year low of $6.99 and a one year high of $14.48.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The company had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. During the same quarter in the previous year, the company earned $0.14 EPS. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that Select Water Solutions, Inc. will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.97%. This is a boost from Select Water Solutions’s previous quarterly dividend of $0.06. Select Water Solutions’s payout ratio is 47.46%.

Select Water Solutions Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.