Barclays PLC Purchases 107,107 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Barclays PLC boosted its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 319.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,648 shares of the company's stock after purchasing an additional 107,107 shares during the period. Barclays PLC owned about 0.12% of Select Water Solutions worth $1,565,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in shares of Select Water Solutions by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 183,854 shares of the company's stock worth $1,967,000 after buying an additional 5,212 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Select Water Solutions during the second quarter valued at approximately $635,000. American Century Companies Inc. grew its stake in Select Water Solutions by 87.3% in the second quarter. American Century Companies Inc. now owns 1,910,065 shares of the company's stock valued at $20,438,000 after purchasing an additional 890,470 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Select Water Solutions by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 134,585 shares of the company's stock valued at $1,440,000 after purchasing an additional 4,518 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Select Water Solutions by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,569,379 shares of the company's stock worth $70,291,000 after purchasing an additional 214,915 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Citigroup increased their price objective on Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a report on Friday.

Select Water Solutions Stock Performance

Shares of WTTR stock traded up $0.02 on Friday, reaching $13.57. The stock had a trading volume of 645,160 shares, compared to its average volume of 675,010. Select Water Solutions, Inc. has a 12 month low of $6.99 and a 12 month high of $15.14. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 23.00 and a beta of 1.76. The firm's 50-day moving average is $13.70 and its two-hundred day moving average is $11.95. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The firm had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The business's revenue was down 4.6% compared to the same quarter last year. On average, research analysts expect that Select Water Solutions, Inc. will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.07 per share. 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. This represents a $0.28 annualized dividend and a yield of 2.06%. Select Water Solutions's dividend payout ratio (DPR) is currently 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.