Wellington Management Group LLP Has $35.67 Million Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Wellington Management Group LLP lifted its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,699,066 shares of the company’s stock after acquiring an additional 145,714 shares during the quarter. Wellington Management Group LLP owned approximately 3.98% of Select Water Solutions worth $35,666,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Select Water Solutions by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,031,868 shares of the company’s stock valued at $45,782,000 after acquiring an additional 300,115 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Select Water Solutions by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,063,979 shares of the company’s stock valued at $40,259,000 after acquiring an additional 464,946 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Select Water Solutions by 14.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,083,135 shares of the company’s stock valued at $8,221,000 after acquiring an additional 136,489 shares in the last quarter. Invesco Ltd. lifted its holdings in Select Water Solutions by 18.2% during the 3rd quarter. Invesco Ltd. now owns 865,323 shares of the company’s stock worth $6,879,000 after buying an additional 133,416 shares during the period. Finally, Meros Investment Management LP lifted its holdings in Select Water Solutions by 31.7% during the 3rd quarter. Meros Investment Management LP now owns 732,118 shares of the company’s stock worth $5,820,000 after buying an additional 176,102 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Transactions at Select Water Solutions

In other news, COO Michael Skarke sold 13,421 shares of Select Water Solutions stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $9.78, for a total value of $131,257.38. Following the completion of the transaction, the chief operating officer now directly owns 380,981 shares of the company’s stock, valued at approximately $3,725,994.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on WTTR shares. Citigroup raised Select Water Solutions from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Thursday, May 9th. Northland Securities started coverage on Select Water Solutions in a report on Monday, April 22nd. They set a “market perform” rating and a $11.50 target price on the stock.

Select Water Solutions Stock Performance

WTTR stock opened at $10.20 on Monday. The stock has a 50-day moving average price of $9.93 and a 200-day moving average price of $8.74. Select Water Solutions, Inc. has a 1-year low of $6.78 and a 1-year high of $10.99. The company has a current ratio of 1.94, a quick ratio of 1.76 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.21 billion, a PE ratio of 15.69 and a beta of 1.69.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). Select Water Solutions had a return on equity of 7.46% and a net margin of 4.28%. The business had revenue of $366.60 million during the quarter, compared to the consensus estimate of $369.29 million. During the same period last year, the business posted $0.12 earnings per share. The business’s revenue was down 12.0% on a year-over-year basis. As a group, equities research analysts expect that Select Water Solutions, Inc. will post 0.53 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, May 3rd were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, May 2nd. Select Water Solutions’s dividend payout ratio (DPR) is presently 36.92%.

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.