Kennedy Capital Management LLC Acquires 34,375 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Kennedy Capital Management LLC grew its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,549 shares of the company's stock after purchasing an additional 34,375 shares during the period. Kennedy Capital Management LLC owned approximately 0.29% of Select Water Solutions worth $4,575,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of WTTR. American Century Companies Inc. boosted its stake in Select Water Solutions by 12.6% in the fourth quarter. American Century Companies Inc. now owns 3,174,675 shares of the company's stock valued at $42,033,000 after acquiring an additional 355,271 shares during the period. Geode Capital Management LLC increased its position in Select Water Solutions by 7.9% in the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company's stock worth $23,683,000 after buying an additional 155,091 shares during the period. Boston Partners lifted its stake in Select Water Solutions by 4.3% in the fourth quarter. Boston Partners now owns 2,000,352 shares of the company's stock valued at $26,647,000 after buying an additional 81,746 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Select Water Solutions by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock worth $26,456,000 after acquiring an additional 430,363 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Select Water Solutions by 3.9% in the 4th quarter. Royce & Associates LP now owns 1,748,011 shares of the company's stock worth $23,144,000 after acquiring an additional 65,598 shares during the period. Hedge funds and other institutional investors own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

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

Select Water Solutions Stock Performance

NYSE:WTTR traded up $0.30 during midday trading on Friday, reaching $8.54. The stock had a trading volume of 1,012,665 shares, compared to its average volume of 1,100,002. The stock has a market capitalization of $1.02 billion, a P/E ratio of 28.45 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. Select Water Solutions, Inc. has a 1-year low of $7.58 and a 1-year high of $15.14. The firm's fifty day simple moving average is $10.40 and its 200-day simple moving average is $12.09.

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

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions's payout ratio is 93.33%.

Insider Buying and Selling at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction 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 represents a 2.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.40% of the company's stock.

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.