Barclays PLC Purchases 107,107 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Barclays PLC increased its position in Select Water Solutions, Inc. (NYSE:WTTR) by 319.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,648 shares of the company’s stock after buying an additional 107,107 shares during the period. Barclays PLC owned 0.12% of Select Water Solutions worth $1,565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WTTR. Innealta Capital LLC purchased a new stake in shares of Select Water Solutions during the 2nd quarter worth approximately $34,000. GAMMA Investing LLC grew its holdings in shares of Select Water Solutions by 37.9% in the third quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock valued at $46,000 after purchasing an additional 1,141 shares in the last quarter. New York State Teachers Retirement System increased its position in Select Water Solutions by 13.8% in the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after purchasing an additional 1,010 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Select Water Solutions during the third quarter valued at $107,000. Finally, Creative Planning bought a new position in Select Water Solutions during the third quarter valued at $112,000. 81.73% of the stock is owned by institutional investors.

Select Water Solutions Stock Performance

Shares of NYSE:WTTR opened at $12.83 on Friday. The firm has a fifty day simple moving average of $13.11 and a two-hundred day simple moving average of $11.70. Select Water Solutions, Inc. has a 52 week low of $6.99 and a 52 week 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 stock has a market capitalization of $1.53 billion, a P/E ratio of 21.75 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $352.98 million. During the same quarter last year, the business posted $0.14 earnings per share. The firm’s revenue was down 4.6% on a year-over-year basis. On average, analysts expect that Select Water Solutions, Inc. will post 0.4 earnings per share for the current fiscal year.

Select Water Solutions Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.28 annualized dividend and a dividend yield of 2.18%. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. Select Water Solutions’s payout ratio is currently 47.46%.

About Select Water Solutions

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.