Hotchkis & Wiley Capital Management LLC Has $6.22 Million Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 46.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 558,530 shares of the company’s stock after purchasing an additional 177,900 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Select Water Solutions were worth $6,216,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Select Water Solutions by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock worth $32,000 after purchasing an additional 1,096 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Select Water Solutions during the 2nd quarter worth $34,000. CWM LLC increased its stake in shares of Select Water Solutions by 55.2% during the 2nd quarter. CWM LLC now owns 4,204 shares of the company’s stock worth $45,000 after purchasing an additional 1,496 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Select Water Solutions by 13.8% during the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Select Water Solutions during the 3rd quarter worth $107,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Price Performance

NYSE WTTR opened at $14.62 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $12.46 and a 200 day simple moving average of $11.40. The company has a market cap of $1.74 billion, a P/E ratio of 24.77 and a beta of 1.76. Select Water Solutions, Inc. has a 1 year low of $6.99 and a 1 year high of $15.14.

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

Select Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a $0.07 dividend. The ex-dividend date was Tuesday, November 5th. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.92%. Select Water Solutions’s dividend payout ratio is 47.46%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WTTR shares. 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. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $11.50 to $14.50 in a report on Thursday, August 22nd.

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.