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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in WTTR. Geode Capital Management LLC increased its position in shares of Select Water Solutions by 7.9% during the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock worth $23,683,000 after acquiring an additional 155,091 shares in the last quarter. Systematic Financial Management LP lifted its holdings in shares of Select Water Solutions by 12.3% in the third quarter. Systematic Financial Management LP now owns 1,062,344 shares of the company’s stock valued at $11,824,000 after purchasing an additional 116,334 shares in the last quarter. Penn Mutual Asset Management boosted its position in shares of Select Water Solutions by 43.8% during the third quarter. Penn Mutual Asset Management now owns 36,100 shares of the company’s stock worth $402,000 after buying an additional 11,000 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Select Water Solutions by 46.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 558,530 shares of the company’s stock worth $6,216,000 after buying an additional 177,900 shares during the period. Finally, ClearAlpha Technologies LP bought a new position in shares of Select Water Solutions during the third quarter worth about $257,000. 81.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup boosted their target price on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Friday.

Select Water Solutions Stock Up 0.1 %

Shares of WTTR stock opened at $13.57 on Friday. The firm’s fifty day moving average price is $13.70 and its two-hundred day moving average price is $11.94. 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, Inc. has a 1 year low of $6.99 and a 1 year high of $15.14. The firm has a market capitalization of $1.62 billion, a P/E ratio of 23.00 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 earnings per share for the quarter, beating 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 analysts’ expectations of $352.98 million. During the same quarter last year, the company earned $0.14 EPS. Select Water Solutions’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, equities analysts predict that Select Water Solutions, Inc. will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from Select Water Solutions’s previous quarterly dividend of $0.06. Select Water Solutions’s dividend payout ratio is currently 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.