Harbor Capital Advisors Inc. Grows Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Harbor Capital Advisors Inc. raised its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 148.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,121,146 shares of the company's stock after purchasing an additional 669,301 shares during the period. Harbor Capital Advisors Inc. owned 0.94% of Select Water Solutions worth $12,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WTTR. Jennison Associates LLC bought a new position in shares of Select Water Solutions during the first quarter valued at $555,000. LSV Asset Management boosted its stake in Select Water Solutions by 34.3% during the 1st quarter. LSV Asset Management now owns 93,500 shares of the company's stock valued at $863,000 after purchasing an additional 23,900 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Select Water Solutions by 129.6% in the first quarter. Empowered Funds LLC now owns 471,545 shares of the company's stock worth $4,352,000 after purchasing an additional 266,145 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Select Water Solutions by 6.2% during the first quarter. Swiss National Bank now owns 184,600 shares of the company's stock valued at $1,704,000 after purchasing an additional 10,800 shares in the last quarter. Finally, Inspire Advisors LLC bought a new position in shares of Select Water Solutions during the first quarter valued at $229,000. Hedge funds and other institutional investors own 81.73% of the company's stock.

Select Water Solutions Stock Performance

Shares of NYSE WTTR traded down $0.29 during midday trading on Friday, hitting $10.31. 723,298 shares of the company's stock traded hands, compared to its average volume of 640,768. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.63 and a current ratio of 1.81. Select Water Solutions, Inc. has a 1 year low of $6.99 and a 1 year high of $12.27. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 17.78 and a beta of 1.67. The firm has a fifty day moving average of $11.06 and a 200 day moving average of $10.65.

Select Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a $0.07 dividend. 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 yield of 2.72%. The ex-dividend date of this dividend is Tuesday, November 5th. Select Water Solutions's dividend payout ratio (DPR) is currently 41.38%.

Analyst Ratings Changes

A number of brokerages have weighed in on WTTR. Northland Capmk upgraded shares of Select Water Solutions from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 22nd. Northland Securities upgraded shares of 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 report on Thursday, August 22nd.

Select Water Solutions 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.