Boston Partners Raises Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

Boston Partners increased its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,000,352 shares of the company's stock after purchasing an additional 81,746 shares during the period. Boston Partners owned approximately 1.68% of Select Water Solutions worth $26,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WTTR. FMR LLC raised its position in Select Water Solutions by 51.9% during the third quarter. FMR LLC now owns 3,728,787 shares of the company's stock valued at $41,501,000 after acquiring an additional 1,274,600 shares in the last quarter. Van ECK Associates Corp grew its position in Select Water Solutions by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock valued at $26,456,000 after buying an additional 430,363 shares during the period. Great Lakes Advisors LLC purchased a new position in Select Water Solutions in the fourth quarter valued at $4,913,000. JPMorgan Chase & Co. raised its position in shares of Select Water Solutions by 32.4% in the third quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company's stock worth $14,981,000 after acquiring an additional 329,353 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Select Water Solutions by 277.8% during the 4th quarter. New York State Common Retirement Fund now owns 421,754 shares of the company's stock worth $5,584,000 after acquiring an additional 310,125 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, CEO John Schmitz sold 26,550 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the sale, the chief executive officer now directly owns 2,898,578 shares in the company, valued at $38,145,286.48. This represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.40% of the company's stock.

Analyst Ratings Changes

Separately, Citigroup lifted their price target on 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 Price Performance

Select Water Solutions stock traded up $0.50 during trading on Monday, reaching $10.69. The company had a trading volume of 1,585,656 shares, compared to its average volume of 1,002,581. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65. The firm's 50-day simple moving average is $12.19 and its 200 day simple moving average is $12.37. The firm has a market capitalization of $1.27 billion, a PE ratio of 35.62 and a beta of 1.77. Select Water Solutions, Inc. has a 1-year low of $8.60 and a 1-year high of $15.14.

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

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.62%. Select Water Solutions's payout ratio is currently 93.33%.

Select Water Solutions Company 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.