Empowered Funds LLC Grows Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Empowered Funds LLC lifted its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 574,381 shares of the company’s stock after acquiring an additional 29,212 shares during the quarter. Empowered Funds LLC owned about 0.48% of Select Water Solutions worth $6,393,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its position in shares of 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 buying an additional 1,010 shares during the period. GAMMA Investing LLC grew its position in Select Water Solutions by 57.3% in the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock valued at $32,000 after acquiring an additional 1,096 shares in the last quarter. ProShare Advisors LLC grew its position in Select Water Solutions by 8.6% in the first quarter. ProShare Advisors LLC now owns 14,356 shares of the company’s stock valued at $133,000 after acquiring an additional 1,131 shares in the last quarter. CWM LLC raised its stake in shares of Select Water Solutions by 55.2% during the second quarter. CWM LLC now owns 4,204 shares of the company’s stock valued at $45,000 after purchasing an additional 1,496 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Select Water Solutions by 15.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,993 shares of the company’s stock worth $213,000 after purchasing an additional 3,142 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WTTR shares. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the company from $11.50 to $14.50 in a report on Thursday, August 22nd. Northland Capmk raised Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd.

Select Water Solutions Trading Down 0.9 %

WTTR opened at $13.43 on Friday. Select Water Solutions, Inc. has a 12-month low of $6.99 and a 12-month high of $14.48. 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 $1.60 billion, a PE ratio of 22.76 and a beta of 1.67. The firm’s fifty day moving average price is $11.45 and its 200 day moving average price is $10.92.

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. The business 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 company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 EPS. 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 declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, November 5th. Select Water Solutions’s payout ratio is 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.