King Luther Capital Management Corp Lowers Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

King Luther Capital Management Corp lessened its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 55.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,000 shares of the company's stock after selling 187,000 shares during the quarter. King Luther Capital Management Corp owned 0.13% of Select Water Solutions worth $1,692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of Select Water Solutions by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 3,008 shares of the company's stock worth $32,000 after acquiring an additional 1,096 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Select Water Solutions in the 2nd quarter worth $34,000. CWM LLC grew its stake in shares of Select Water Solutions by 55.2% in the 2nd quarter. CWM LLC now owns 4,204 shares of the company's stock worth $45,000 after acquiring an additional 1,496 shares in the last quarter. New York State Teachers Retirement System grew its stake 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 acquiring an additional 1,010 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of Select Water Solutions in the 3rd quarter worth $112,000. Institutional investors own 81.73% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Northland Capmk raised shares of Select Water Solutions from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 22nd. Northland Securities raised shares of Select Water Solutions from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $11.50 to $14.50 in a report on Thursday, August 22nd.

Select Water Solutions Stock Performance

Shares of NYSE:WTTR traded up $0.11 during midday trading on Friday, reaching $14.69. The company had a trading volume of 793,105 shares, compared to its average volume of 1,049,660. The company's 50 day moving average price is $11.75 and its 200 day moving average price is $11.05. 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 cap of $1.75 billion, a P/E ratio of 24.90 and a beta of 1.67. Select Water Solutions, Inc. has a 52-week low of $6.99 and a 52-week high of $14.87.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The company's revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, sell-side analysts anticipate that Select Water Solutions, Inc. will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, November 5th. This is an increase from Select Water Solutions's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.91%. Select Water Solutions's dividend payout ratio is 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.