Select Water Solutions, Inc. (NYSE:WTTR) Shares Acquired by Systematic Financial Management LP

Systematic Financial Management LP increased its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 12.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,062,344 shares of the company’s stock after buying an additional 116,334 shares during the quarter. Systematic Financial Management LP’s holdings in Select Water Solutions were worth $11,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Penn Mutual Asset Management grew its holdings 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 last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Select Water Solutions by 46.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 558,530 shares of the company’s stock valued at $6,216,000 after purchasing an additional 177,900 shares in the last quarter. ClearAlpha Technologies LP purchased a new stake in Select Water Solutions in the 3rd quarter valued at approximately $257,000. Icon Wealth Advisors LLC boosted its holdings in Select Water Solutions by 82.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock valued at $7,007,000 after purchasing an additional 284,891 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new stake in Select Water Solutions in the 3rd quarter valued at approximately $107,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Price Performance

Shares of NYSE:WTTR opened at $14.62 on Friday. The business’s 50 day simple moving average is $12.46 and its 200-day simple moving average is $11.40. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 24.77 and a beta of 1.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. Select Water Solutions, Inc. has a 12 month low of $6.99 and a 12 month high of $15.14.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate 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 return on equity of 6.65% and a net margin of 4.05%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 EPS. As a group, equities analysts forecast that Select Water Solutions, Inc. will post 0.4 earnings per share 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 paid a dividend of $0.07 per share. This is a positive change from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.92%. Select Water Solutions’s payout ratio is 47.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Northland Securities raised Select Water Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective 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 report on Thursday, August 22nd.

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.