Select Water Solutions, Inc. (NYSE:WTTR) Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 32.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,345,964 shares of the company's stock after purchasing an additional 329,353 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.13% of Select Water Solutions worth $14,981,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in shares of Select Water Solutions by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,149 shares of the company's stock valued at $46,000 after purchasing an additional 1,141 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Select Water Solutions by 13.8% in the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company's stock worth $93,000 after buying an additional 1,010 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Select Water Solutions in the third quarter valued at $107,000. Creative Planning purchased a new stake in Select Water Solutions during the third quarter valued at about $112,000. Finally, CWM LLC increased its stake in Select Water Solutions by 182.8% during the third quarter. CWM LLC now owns 11,889 shares of the company's stock worth $132,000 after acquiring an additional 7,685 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company's stock.

Select Water Solutions Stock Up 0.1 %

Select Water Solutions stock traded up $0.02 during trading on Friday, reaching $13.57. 645,160 shares of the company's stock were exchanged, compared to its average volume of 675,010. The company's 50-day moving average is $13.70 and its two-hundred day moving average is $11.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78. Select Water Solutions, Inc. has a 52-week low of $6.99 and a 52-week high of $15.14. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 23.00 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The business had revenue of $371.35 million during the quarter, compared to analyst estimates of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. On average, analysts predict 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 announced 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 is a boost from Select Water Solutions's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Tuesday, November 5th. Select Water Solutions's payout ratio is presently 47.46%.

Analyst Upgrades and Downgrades

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

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.