Fmr LLC lifted its position in shares of Select Water Solutions, Inc. (NYSE:WTTR – Free Report) by 51.9% in the third quarter, HoldingsChannel reports. The fund owned 3,728,787 shares of the company’s stock after buying an additional 1,274,600 shares during the period. Fmr LLC’s holdings in Select Water Solutions were worth $41,501,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in Select Water Solutions by 1,328.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,770,505 shares of the company’s stock worth $40,344,000 after purchasing an additional 3,506,479 shares during the last quarter. American Century Companies Inc. grew its position in shares of Select Water Solutions by 87.3% during the 2nd quarter. American Century Companies Inc. now owns 1,910,065 shares of the company’s stock worth $20,438,000 after buying an additional 890,470 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Select Water Solutions by 148.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock worth $12,478,000 after buying an additional 669,301 shares during the last quarter. Foundry Partners LLC acquired a new position in Select Water Solutions in the second quarter valued at approximately $5,134,000. Finally, Dimensional Fund Advisors LP boosted its stake in Select Water Solutions by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,569,379 shares of the company’s stock valued at $70,291,000 after acquiring an additional 214,915 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on WTTR. Northland Capmk raised Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $11.50 to $14.50 in a report on Thursday, August 22nd.
Select Water Solutions Price Performance
Shares of WTTR stock opened at $14.14 on Friday. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 23.97 and a beta of 1.76. Select Water Solutions, Inc. has a 12-month low of $6.99 and a 12-month high of $15.14. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $12.52 and a 200-day moving average of $11.43.
Select Water Solutions (NYSE:WTTR – Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping 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 earnings per share. Select Water Solutions’s revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts forecast that Select Water Solutions, Inc. will post 0.4 earnings per share for the current year.
Select Water Solutions Increases Dividend
The business 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 an increase from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.98%. Select Water Solutions’s dividend payout ratio is currently 47.46%.
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.
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