Select Water Solutions, Inc. (NYSE:WTTR) Stock Position Raised by Fmr LLC

FMR LLC boosted its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 51.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,728,787 shares of the company's stock after purchasing an additional 1,274,600 shares during the quarter. FMR LLC owned approximately 3.13% of Select Water Solutions worth $41,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in WTTR. Price T Rowe Associates Inc. MD increased its stake in Select Water Solutions by 15.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,993 shares of the company's stock valued at $213,000 after purchasing an additional 3,142 shares during the last quarter. Comerica Bank boosted its position in shares of Select Water Solutions by 5,815.5% in the first quarter. Comerica Bank now owns 35,079 shares of the company's stock worth $324,000 after buying an additional 34,486 shares during the period. GAMMA Investing LLC boosted its position in shares of Select Water Solutions by 57.3% in the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company's stock worth $32,000 after buying an additional 1,096 shares during the period. CWM LLC boosted its position in shares of Select Water Solutions by 55.2% in the second quarter. CWM LLC now owns 4,204 shares of the company's stock worth $45,000 after buying an additional 1,496 shares during the period. Finally, Stanley Laman Group Ltd. boosted its holdings in Select Water Solutions by 7.2% in the second quarter. Stanley Laman Group Ltd. now owns 329,255 shares of the company's stock valued at $3,523,000 after purchasing an additional 22,246 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Stock Performance

Shares of Select Water Solutions stock traded down $0.46 on Friday, reaching $14.14. 824,051 shares of the company were exchanged, compared to its average volume of 809,151. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78. The company's 50-day moving average is $12.52 and its two-hundred day moving average is $11.43. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 23.97 and a beta of 1.76. Select Water Solutions, Inc. has a 1-year low of $6.99 and a 1-year high of $15.14.

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. The business had revenue of $371.35 million for the quarter, compared to analysts' expectations of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The business's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. As a group, research analysts expect that Select Water Solutions, Inc. will post 0.4 earnings per share for the current fiscal year.

Select Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Select Water Solutions's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. Select Water Solutions's dividend payout ratio is presently 47.46%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Northland Capmk raised Select Water Solutions from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 22nd. Northland Securities raised Select Water Solutions from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $11.50 to $14.50 in a report on Thursday, August 22nd.

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.