Great Lakes Advisors LLC Purchases Shares of 371,036 Select Water Solutions, Inc. (NYSE:WTTR)

Great Lakes Advisors LLC acquired a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 371,036 shares of the company's stock, valued at approximately $4,913,000. Great Lakes Advisors LLC owned approximately 0.31% of Select Water Solutions at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in Select Water Solutions in the 3rd quarter worth about $483,000. Geode Capital Management LLC boosted its holdings in shares of Select Water Solutions by 7.9% during the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company's stock worth $23,683,000 after purchasing an additional 155,091 shares during the period. Foundry Partners LLC increased its stake in Select Water Solutions by 29.8% in the 3rd quarter. Foundry Partners LLC now owns 622,755 shares of the company's stock valued at $6,931,000 after buying an additional 142,919 shares during the period. Barclays PLC lifted its position in Select Water Solutions by 319.3% in the 3rd quarter. Barclays PLC now owns 140,648 shares of the company's stock worth $1,565,000 after buying an additional 107,107 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Select Water Solutions during the 4th quarter valued at $342,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Select Water Solutions Trading Down 2.9 %

Shares of NYSE WTTR opened at $9.34 on Friday. The business has a 50 day simple moving average of $12.72 and a 200 day simple moving average of $12.44. Select Water Solutions, Inc. has a 52 week low of $8.60 and a 52 week high of $15.14. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 31.14 and a beta of 1.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65.

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Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its earnings results 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). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The business had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. On average, research analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

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 dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.00%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's payout ratio is 93.33%.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the completion of the sale, the chief executive officer now owns 2,898,578 shares of the company's stock, valued at $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 available through the SEC website. Corporate insiders own 8.40% of the company's stock.

Analyst Upgrades and Downgrades

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

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.

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