Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,012,063 shares of the company's stock after selling 109,083 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.85% of Select Water Solutions worth $13,400,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kings Path Partners LLC acquired a new position in Select Water Solutions in the fourth quarter valued at approximately $466,000. JPMorgan Chase & Co. grew its position in Select Water Solutions by 32.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company's stock valued at $14,981,000 after acquiring an additional 329,353 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Select Water Solutions during the third quarter worth about $483,000. SkyView Investment Advisors LLC lifted its position in shares of Select Water Solutions by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company's stock worth $680,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Select Water Solutions by 319.3% in the third quarter. Barclays PLC now owns 140,648 shares of the company's stock valued at $1,565,000 after purchasing an additional 107,107 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Select Water Solutions Stock Up 0.1 %

NYSE:WTTR traded up $0.02 during trading hours on Friday, hitting $13.57. The company's stock had a trading volume of 645,160 shares, compared to its average volume of 675,010. Select Water Solutions, Inc. has a 52-week low of $6.99 and a 52-week high of $15.14. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.62 billion, a P/E ratio of 23.00 and a beta of 1.76. The stock has a fifty day moving average of $13.63 and a 200-day moving average of $11.91.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $371.35 million for the quarter, compared to analysts' expectations of $352.98 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The firm's revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. On average, equities analysts forecast that Select Water Solutions, Inc. will post 0.4 earnings per share for the current year.

Select Water Solutions Increases Dividend

The company also recently disclosed 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 a positive change from Select Water Solutions's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. This represents a $0.28 annualized dividend and a dividend yield of 2.06%. Select Water Solutions's dividend payout ratio (DPR) is presently 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.