Invesco Ltd. Acquires 82,053 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Invesco Ltd. raised its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 920,089 shares of the company's stock after buying an additional 82,053 shares during the quarter. Invesco Ltd. owned 0.77% of Select Water Solutions worth $12,182,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WTTR. Van ECK Associates Corp increased its stake in Select Water Solutions by 27.4% in the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock valued at $26,456,000 after acquiring an additional 430,363 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Select Water Solutions in the 4th quarter valued at approximately $5,346,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Select Water Solutions by 254.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 524,354 shares of the company's stock worth $6,942,000 after buying an additional 376,218 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Select Water Solutions during the 4th quarter worth approximately $4,913,000. Finally, American Century Companies Inc. boosted its stake in Select Water Solutions by 12.6% in the 4th quarter. American Century Companies Inc. now owns 3,174,675 shares of the company's stock valued at $42,033,000 after buying an additional 355,271 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup increased their price objective on 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 Price Performance

WTTR stock traded down $0.04 during midday trading on Friday, reaching $8.82. 325,776 shares of the company's stock traded hands, compared to its average volume of 1,096,767. The company has a 50-day simple moving average of $9.97 and a two-hundred day simple moving average of $12.00. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 1-year low of $7.58 and a 1-year high of $15.14. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 29.46 and a beta of 1.51.

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

Select Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.17%. Select Water Solutions's dividend payout ratio (DPR) is currently 93.33%.

Insider Activity

In related news, CEO John Schmitz sold 73,450 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the transaction, the chief executive officer now owns 2,825,128 shares in the company, valued at $36,811,417.84. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.40% of the stock is owned by insiders.

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.