Select Water Solutions, Inc. (NYSE:WTTR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,127,370 shares of the company’s stock after acquiring an additional 155,091 shares during the period. Geode Capital Management LLC owned about 1.79% of Select Water Solutions worth $23,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WTTR. Barclays PLC boosted its holdings in Select Water Solutions by 319.3% in the third quarter. Barclays PLC now owns 140,648 shares of the company’s stock valued at $1,565,000 after purchasing an additional 107,107 shares during the last quarter. Systematic Financial Management LP raised its position in shares of Select Water Solutions by 12.3% in the 3rd 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 stake in shares of Select Water Solutions by 43.8% during the 3rd quarter. Penn Mutual Asset Management now owns 36,100 shares of the company’s stock valued at $402,000 after buying an additional 11,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew 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 in the last quarter. Finally, ClearAlpha Technologies LP acquired a new stake in shares of Select Water Solutions during the third quarter worth approximately $257,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Trading Down 0.9 %

WTTR opened at $12.83 on Friday. Select Water Solutions, Inc. has a 12-month low of $6.99 and a 12-month high of $15.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. The stock has a market capitalization of $1.53 billion, a PE ratio of 21.75 and a beta of 1.76. The firm’s fifty day moving average price is $13.11 and its 200 day moving average price is $11.70.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The business had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. During the same quarter in the prior year, the business posted $0.14 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, research analysts expect that Select Water Solutions, Inc. will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Tuesday, November 5th. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. Select Water Solutions’s dividend payout ratio (DPR) is currently 47.46%.

Select Water Solutions Company 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.