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

The Manufacturers Life Insurance Company raised its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 42.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,676 shares of the company’s stock after purchasing an additional 14,777 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Select Water Solutions were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Select Water Solutions by 15.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,993 shares of the company’s stock worth $213,000 after acquiring an additional 3,142 shares during the last quarter. CWM LLC boosted 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 purchasing an additional 1,496 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Select Water Solutions by 9.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 913,138 shares of the company’s stock worth $9,771,000 after purchasing an additional 79,074 shares in the last quarter. Legato Capital Management LLC increased its position in shares of Select Water Solutions by 17.3% during the 2nd quarter. Legato Capital Management LLC now owns 82,705 shares of the company’s stock valued at $885,000 after purchasing an additional 12,208 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Select Water Solutions during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

WTTR has been the topic of a number of recent research reports. Northland Capmk upgraded shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the company from $11.50 to $14.50 in a report on Thursday, August 22nd.

Select Water Solutions Trading Down 1.4 %

NYSE WTTR opened at $13.76 on Friday. The firm has a market cap of $1.64 billion, a PE ratio of 23.32 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 stock has a 50-day moving average of $12.82 and a 200-day moving average of $11.56. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR) last announced 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. The business had revenue of $371.35 million for the quarter, compared to analysts’ expectations of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. As a group, sell-side analysts forecast 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. Shareholders of record on Tuesday, November 5th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.28 annualized dividend and a yield of 2.03%. This is a boost from Select Water Solutions’s previous quarterly dividend of $0.06. Select Water Solutions’s dividend payout ratio is presently 47.46%.

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.