Arrowstreet Capital Limited Partnership Increases Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

Arrowstreet Capital Limited Partnership boosted its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 254.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 524,354 shares of the company's stock after buying an additional 376,218 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.44% of Select Water Solutions worth $6,942,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its position in shares of Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock valued at $67,000 after purchasing an additional 1,007 shares during the last quarter. Amundi lifted its holdings in shares of Select Water Solutions by 83.8% in the fourth quarter. Amundi now owns 9,010 shares of the company's stock worth $119,000 after buying an additional 4,109 shares in the last quarter. Atria Investments Inc purchased a new stake in Select Water Solutions in the 4th quarter worth $134,000. Truist Financial Corp purchased a new stake in shares of Select Water Solutions in the fourth quarter worth about $134,000. Finally, James Investment Research Inc. bought a new position in shares of Select Water Solutions during the 4th quarter valued at approximately $137,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 value of $349,398.00. Following the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.40% of the company's stock.

Select Water Solutions Trading Up 0.8 %

Shares of Select Water Solutions stock traded up $0.07 on Friday, hitting $8.07. 1,768,318 shares of the company traded hands, compared to its average volume of 1,093,299. The stock's 50 day moving average price is $10.77 and its 200-day moving average price is $12.17. The company has a market cap of $962.06 million, a PE ratio of 26.88 and a beta of 1.51. Select Water Solutions, Inc. has a 52 week low of $7.58 and a 52 week high of $15.14. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

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

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a yield of 3.47%. Select Water Solutions's payout ratio is 93.33%.

Analyst Ratings Changes

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

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.