The Manufacturers Life Insurance Company Acquires 14,777 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

The Manufacturers Life Insurance Company grew its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 42.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 49,676 shares of the company’s stock after acquiring an additional 14,777 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Select Water Solutions were worth $553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in Select Water Solutions by 3.4% during the 2nd 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 in the last quarter. Victory Capital Management Inc. boosted its position in shares of Select Water Solutions by 1.3% during the third quarter. Victory Capital Management Inc. now owns 3,818,016 shares of the company’s stock valued at $42,495,000 after purchasing an additional 47,511 shares in the last quarter. American Century Companies Inc. boosted its position in shares of 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 purchasing an additional 890,470 shares in the last quarter. Royce & Associates LP raised its holdings in Select Water Solutions by 1.9% in the third quarter. Royce & Associates LP now owns 1,682,413 shares of the company’s stock worth $18,725,000 after purchasing an additional 31,192 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in 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 valued at $12,478,000 after buying an additional 669,301 shares during the period. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Trading Down 1.4 %

NYSE WTTR opened at $13.76 on Friday. Select Water Solutions, Inc. has a 12 month low of $6.99 and a 12 month 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 stock’s fifty day moving average price is $12.82 and its 200-day moving average price is $11.56. The stock has a market cap of $1.64 billion, a P/E ratio of 23.32 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate 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 net margin of 4.05% and a return on equity of 6.65%. Select Water Solutions’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. As a group, equities analysts forecast that Select Water Solutions, Inc. will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.03%. 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 currently 47.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $11.50 to $14.50 in a research report on Thursday, August 22nd. Northland Capmk upgraded shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report 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.