American Century Companies Inc. Has $42.03 Million Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

American Century Companies Inc. lifted its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,174,675 shares of the company's stock after acquiring an additional 355,271 shares during the period. American Century Companies Inc. owned about 2.66% of Select Water Solutions worth $42,033,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WTTR. Boston Partners grew its holdings in shares of Select Water Solutions by 4.3% during the fourth quarter. Boston Partners now owns 2,000,352 shares of the company's stock valued at $26,647,000 after buying an additional 81,746 shares in the last quarter. Corient Private Wealth LLC grew its stake in Select Water Solutions by 764.2% during the 4th quarter. Corient Private Wealth LLC now owns 226,801 shares of the company's stock valued at $3,003,000 after acquiring an additional 200,558 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Select Water Solutions by 3.9% in the 4th quarter. Royce & Associates LP now owns 1,748,011 shares of the company's stock valued at $23,144,000 after purchasing an additional 65,598 shares during the period. Alpine Woods Capital Investors LLC lifted its position in shares of Select Water Solutions by 20.0% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 120,000 shares of the company's stock worth $1,589,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Select Water Solutions by 0.8% during the fourth quarter. Swiss National Bank now owns 181,900 shares of the company's stock worth $2,408,000 after purchasing an additional 1,400 shares during the period. Institutional investors and hedge funds own 81.73% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped their price objective on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, January 10th.

Select Water Solutions Stock Up 0.5 %

WTTR traded up $0.06 during trading on Tuesday, reaching $10.56. 894,149 shares of the stock traded hands, compared to its average volume of 1,055,209. The stock's 50-day simple moving average is $11.70 and its two-hundred day simple moving average is $12.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. Select Water Solutions, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $15.14. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 35.18 and a beta of 1.77.

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

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.65%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's dividend payout ratio is 93.33%.

Insider Transactions at Select Water Solutions

In other news, CEO John Schmitz sold 26,550 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the transaction, the chief executive officer now owns 2,898,578 shares of the company's stock, valued at approximately $38,145,286.48. This represents a 0.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 8.40% of the stock is currently owned by company insiders.

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.