Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P decreased its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 52.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,002 shares of the company's stock after selling 66,633 shares during the quarter. Martingale Asset Management L P owned about 0.05% of Select Water Solutions worth $668,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Select Water Solutions by 57.3% during the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company's stock worth $32,000 after buying an additional 1,096 shares in the last quarter. Innealta Capital LLC purchased a new position in Select Water Solutions during the second quarter worth approximately $34,000. CWM LLC lifted its position in Select Water Solutions by 55.2% during the second quarter. CWM LLC now owns 4,204 shares of the company's stock worth $45,000 after buying an additional 1,496 shares in the last quarter. New York State Teachers Retirement System increased its stake in Select Water Solutions by 13.8% during the third 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 during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Select Water Solutions during the third quarter worth $107,000. Hedge funds and other institutional investors own 81.73% of the company's stock.

Wall Street Analyst Weigh In

WTTR has been the subject of several recent analyst reports. Northland Capmk raised Select Water Solutions from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 22nd. Northland Securities raised Select Water Solutions from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $11.50 to $14.50 in a research note on Thursday, August 22nd.

Select Water Solutions Trading Down 0.7 %

Shares of NYSE WTTR traded down $0.11 during trading on Tuesday, reaching $14.89. The stock had a trading volume of 810,955 shares, compared to its average volume of 1,023,630. Select Water Solutions, Inc. has a fifty-two week low of $6.99 and a fifty-two week high of $15.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78. The business's 50-day moving average price is $12.24 and its 200-day moving average price is $11.32. The company has a market cap of $1.78 billion, a P/E ratio of 25.31 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The business had revenue of $371.35 million during the quarter, compared to analysts' expectations of $352.98 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The company's revenue was down 4.6% on a year-over-year basis. On average, equities research analysts predict that Select Water Solutions, Inc. will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.88%. This is a boost from Select Water Solutions's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. Select Water Solutions's payout ratio is presently 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.