Select Water Solutions, Inc. (NYSE:WTTR) Holdings Cut by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 5.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,021,413 shares of the company’s stock after selling 58,438 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Select Water Solutions were worth $11,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WTTR. Dimensional Fund Advisors LP lifted its position 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 worth $70,291,000 after purchasing an additional 214,915 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Select Water Solutions by 1.3% in the third quarter. Victory Capital Management Inc. now owns 3,818,016 shares of the company’s stock valued at $42,495,000 after buying an additional 47,511 shares during the period. American Century Companies Inc. boosted its stake in Select Water Solutions by 87.3% during the second quarter. American Century Companies Inc. now owns 1,910,065 shares of the company’s stock valued at $20,438,000 after buying an additional 890,470 shares in the last quarter. Royce & Associates LP grew its holdings in Select Water Solutions by 1.9% during the third quarter. Royce & Associates LP now owns 1,682,413 shares of the company’s stock worth $18,725,000 after acquiring an additional 31,192 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in Select Water Solutions by 148.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock worth $12,478,000 after acquiring an additional 669,301 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Stock Performance

NYSE:WTTR opened at $14.10 on Tuesday. The firm has a market capitalization of $1.68 billion, a PE ratio of 23.90 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. 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 firm’s fifty day simple moving average is $12.58 and its 200 day simple moving average is $11.46.

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

Select Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a dividend of $0.07 per share. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.99%. The ex-dividend date was Tuesday, November 5th. Select Water Solutions’s dividend payout ratio (DPR) is currently 47.46%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Northland Capmk raised shares of 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 increased their price objective for the company from $11.50 to $14.50 in a research 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.