Select Water Solutions, Inc. (NYSE:WTTR) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC grew its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 574,381 shares of the company’s stock after purchasing an additional 29,212 shares during the quarter. Empowered Funds LLC’s holdings in Select Water Solutions were worth $6,393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WTTR. New York State Teachers Retirement System grew its stake in 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 buying an additional 1,010 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Select Water Solutions by 57.3% during the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock valued at $32,000 after acquiring an additional 1,096 shares during the period. ProShare Advisors LLC grew its position in shares of 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 acquiring an additional 1,131 shares during the last quarter. CWM LLC increased its holdings in shares of Select Water Solutions by 55.2% in the 2nd quarter. CWM LLC now owns 4,204 shares of the company’s stock worth $45,000 after acquiring an additional 1,496 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position 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 purchasing an additional 3,142 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Trading Down 0.9 %

Select Water Solutions stock opened at $13.43 on Friday. Select Water Solutions, Inc. has a 12-month low of $6.99 and a 12-month high of $14.48. The stock has a market capitalization of $1.60 billion, a PE ratio of 22.76 and a beta of 1.67. The firm has a 50 day simple moving average of $11.45 and a 200-day simple moving average of $10.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. As a group, equities research analysts expect that Select Water Solutions, Inc. will post 0.4 EPS 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. Stockholders of record on Tuesday, November 5th were given a dividend of $0.07 per share. This is a positive change from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. This represents a $0.28 annualized dividend and a dividend yield of 2.08%. Select Water Solutions’s dividend payout ratio (DPR) is 47.46%.

Wall Street Analyst Weigh In

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

About Select Water Solutions

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.