Dimensional Fund Advisors LP Purchases 214,915 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Dimensional Fund Advisors LP increased its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,569,379 shares of the company’s stock after acquiring an additional 214,915 shares during the period. Dimensional Fund Advisors LP owned approximately 5.52% of Select Water Solutions worth $70,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Select Water Solutions by 14.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,083,135 shares of the company’s stock worth $8,221,000 after purchasing an additional 136,489 shares during the period. Palogic Value Management L.P. grew its position in Select Water Solutions by 28.2% during the fourth quarter. Palogic Value Management L.P. now owns 341,300 shares of the company’s stock worth $2,590,000 after buying an additional 75,000 shares in the last quarter. Caxton Associates LP bought a new position in Select Water Solutions in the 1st quarter worth about $495,000. Wellington Management Group LLP raised its holdings in shares of Select Water Solutions by 3.2% in the 4th quarter. Wellington Management Group LLP now owns 4,699,066 shares of the company’s stock valued at $35,666,000 after acquiring an additional 145,714 shares in the last quarter. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Select Water Solutions during the 4th quarter valued at about $4,778,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WTTR has been the topic of several research analyst 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 price target for the stock from $11.50 to $14.50 in a report on Thursday, August 22nd.

Select Water Solutions Trading Down 5.7 %

Shares of WTTR stock opened at $10.57 on Friday. The business has a 50-day moving average price of $11.09 and a two-hundred day moving average price of $10.29. Select Water Solutions, Inc. has a 12-month low of $6.78 and a 12-month high of $12.27. The company has a quick ratio of 1.63, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.26 billion, a P/E ratio of 16.26 and a beta of 1.66.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, July 30th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Select Water Solutions had a return on equity of 6.56% and a net margin of 3.91%. The company had revenue of $365.13 million during the quarter, compared to the consensus estimate of $372.25 million. During the same quarter in the previous year, the company posted $0.20 EPS. Select Water Solutions’s quarterly revenue was down 9.8% compared to the same quarter last year. Equities analysts anticipate that Select Water Solutions, Inc. will post 0.48 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a $0.06 dividend. The ex-dividend date was Monday, August 5th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.27%. Select Water Solutions’s dividend payout ratio (DPR) is 36.92%.

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.