Boston Partners Has $26.65 Million Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Boston Partners grew its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 4.3% in the 4th quarter, Holdings Channel reports. The fund owned 2,000,352 shares of the company’s stock after buying an additional 81,746 shares during the period. Boston Partners’ holdings in Select Water Solutions were worth $26,647,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WTTR. Principal Financial Group Inc. bought a new stake in Select Water Solutions during the 3rd quarter worth $483,000. GSA Capital Partners LLP bought a new position in Select Water Solutions in the third quarter valued at about $220,000. Intech Investment Management LLC bought a new position in Select Water Solutions in the third quarter valued at about $259,000. Foundry Partners LLC raised its position in Select Water Solutions by 29.8% in the third quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock valued at $6,931,000 after purchasing an additional 142,919 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Select Water Solutions by 42.3% in the third quarter. The Manufacturers Life Insurance Company now owns 49,676 shares of the company’s stock valued at $553,000 after purchasing an additional 14,777 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Activity

In other news, CEO John Schmitz sold 73,450 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the sale, the chief executive officer now owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup increased their target price on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, January 10th.

Select Water Solutions Price Performance

Select Water Solutions stock opened at $10.12 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.21 billion, a PE ratio of 33.72 and a beta of 1.77. Select Water Solutions, Inc. has a 12 month low of $8.60 and a 12 month high of $15.14. The stock has a 50-day moving average price of $12.33 and a two-hundred day moving average price of $12.38.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.14). The company had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. Analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a $0.07 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 annualized dividend and a dividend yield of 2.77%. Select Water Solutions’s payout ratio is 93.33%.

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.