Select Water Solutions, Inc. (NYSE:WTTR) Shares Bought by Royce & Associates LP

Royce & Associates LP increased its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,682,413 shares of the company’s stock after purchasing an additional 31,192 shares during the period. Royce & Associates LP’s holdings in Select Water Solutions were worth $18,725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WTTR. Caxton Associates LP acquired a new stake in Select Water Solutions during the 1st quarter valued at approximately $495,000. Vanguard Group Inc. lifted its stake in Select Water Solutions by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 5,619,256 shares of the company’s stock valued at $51,866,000 after acquiring an additional 188,347 shares during the period. Acadian Asset Management LLC acquired a new stake in Select Water Solutions during the 2nd quarter valued at approximately $635,000. Harbor Capital Advisors Inc. lifted its stake in Select Water Solutions by 148.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock valued at $12,478,000 after acquiring an additional 669,301 shares during the period. Finally, Quadrature Capital Ltd lifted its stake in Select Water Solutions by 277.6% during the 1st quarter. Quadrature Capital Ltd now owns 77,557 shares of the company’s stock valued at $716,000 after acquiring an additional 57,017 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Trading Down 0.9 %

Shares of WTTR stock opened at $13.43 on Friday. The stock’s fifty day moving average is $11.45 and its two-hundred day moving average is $10.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78. The firm has a market capitalization of $1.60 billion, a P/E ratio of 22.76 and a beta of 1.67. Select Water Solutions, Inc. has a fifty-two week low of $6.99 and a fifty-two week high of $14.48.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The company had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. During the same quarter last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. Research analysts expect that Select Water Solutions, Inc. will post 0.4 earnings per share for the current fiscal year.

Select Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. Select Water Solutions’s dividend payout ratio (DPR) is presently 47.46%.

Analyst Ratings Changes

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

Select Water Solutions Company 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.