Principal Financial Group Inc. Takes $483,000 Position in Select Water Solutions, Inc. (NYSE:WTTR)

Principal Financial Group Inc. acquired a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 43,369 shares of the company’s stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WTTR. Bank of New York Mellon Corp boosted its stake in shares of Select Water Solutions by 9.5% during the second quarter. Bank of New York Mellon Corp now owns 913,138 shares of the company’s stock valued at $9,771,000 after purchasing an additional 79,074 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Select Water Solutions by 2.9% during the second quarter. Rhumbline Advisers now owns 183,854 shares of the company’s stock valued at $1,967,000 after purchasing an additional 5,212 shares during the period. Victory Capital Management Inc. boosted its position in shares of Select Water Solutions by 1,328.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,770,505 shares of the company’s stock worth $40,344,000 after purchasing an additional 3,506,479 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Select Water Solutions in the 2nd quarter valued at about $635,000. Finally, LSV Asset Management increased its position in Select Water Solutions by 10.9% in the 2nd quarter. LSV Asset Management now owns 103,700 shares of the company’s stock valued at $1,110,000 after buying an additional 10,200 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Trading Up 0.3 %

NYSE WTTR opened at $13.80 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 52 week low of $6.99 and a 52 week high of $15.14. The business has a 50 day moving average price of $13.40 and a 200-day moving average price of $11.84. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 23.39 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a $0.07 dividend. This is a positive change from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, November 5th. Select Water Solutions’s dividend payout ratio is presently 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.