31,000 Shares in Select Water Solutions, Inc. (NYSE:WTTR) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 31,000 shares of the company's stock, valued at approximately $410,000.

Several other institutional investors have also recently added to or reduced their stakes in WTTR. Intech Investment Management LLC bought a new position in Select Water Solutions in the 3rd quarter valued at $259,000. The Manufacturers Life Insurance Company raised its holdings in shares of Select Water Solutions by 42.3% in the third quarter. The Manufacturers Life Insurance Company now owns 49,676 shares of the company's stock valued at $553,000 after buying an additional 14,777 shares during the last quarter. FMR LLC lifted its position in Select Water Solutions by 51.9% during the 3rd quarter. FMR LLC now owns 3,728,787 shares of the company's stock worth $41,501,000 after buying an additional 1,274,600 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Select Water Solutions by 46.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 558,530 shares of the company's stock worth $6,216,000 after acquiring an additional 177,900 shares during the last quarter. Finally, Systematic Financial Management LP increased its position in Select Water Solutions by 12.3% in the 3rd quarter. Systematic Financial Management LP now owns 1,062,344 shares of the company's stock valued at $11,824,000 after acquiring an additional 116,334 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

Select Water Solutions Trading Up 7.3 %

Shares of NYSE WTTR traded up $0.58 during midday trading on Wednesday, hitting $8.51. The stock had a trading volume of 3,464,708 shares, compared to its average volume of 1,085,266. The firm has a market cap of $1.02 billion, a P/E ratio of 28.37 and a beta of 1.51. Select Water Solutions, Inc. has a fifty-two week low of $7.57 and a fifty-two week high of $15.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. The company's 50-day simple moving average is $10.98 and its 200 day simple moving average is $12.22.

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

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's dividend payout ratio (DPR) is 93.33%.

Analyst Upgrades and Downgrades

Separately, Citigroup upped 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, January 10th.

Insider Activity at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the 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 of the company's stock, valued at approximately $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.40% of the stock is currently owned by company insiders.

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.