Ritholtz Wealth Management Boosts Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Ritholtz Wealth Management raised its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,427 shares of the company's stock after buying an additional 26,912 shares during the quarter. Ritholtz Wealth Management owned about 0.12% of Select Water Solutions worth $1,833,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in Select Water Solutions in the 3rd quarter valued at about $483,000. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 155,091 shares in the last quarter. Foundry Partners LLC raised its position in shares of Select Water Solutions by 29.8% in the third quarter. Foundry Partners LLC now owns 622,755 shares of the company's stock valued at $6,931,000 after purchasing an additional 142,919 shares during the period. Barclays PLC lifted its stake in shares of Select Water Solutions by 319.3% during the 3rd quarter. Barclays PLC now owns 140,648 shares of the company's stock valued at $1,565,000 after buying an additional 107,107 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Select Water Solutions by 148.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company's stock worth $12,478,000 after buying an additional 669,301 shares during the period. Hedge funds and other institutional investors own 81.73% of the company's stock.

Select Water Solutions Price Performance

WTTR stock traded down $0.19 during mid-day trading on Friday, reaching $14.05. 1,382,749 shares of the company traded hands, compared to its average volume of 739,403. Select Water Solutions, Inc. has a 52-week low of $7.03 and a 52-week high of $15.14. The company has a market capitalization of $1.68 billion, a P/E ratio of 23.82 and a beta of 1.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. The company has a fifty day moving average price of $13.84 and a 200-day moving average price of $12.07.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The business had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. During the same quarter in the prior year, the firm posted $0.14 EPS. Select Water Solutions's revenue was down 4.6% on a year-over-year basis. As a group, analysts anticipate that Select Water Solutions, Inc. will post 0.39 earnings per share for the current year.

Select Water Solutions Increases Dividend

The firm also recently disclosed 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 is a positive change from Select Water Solutions's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.28 annualized dividend and a yield of 1.99%. Select Water Solutions's dividend payout ratio (DPR) is currently 47.46%.

Analyst Upgrades and Downgrades

Separately, Citigroup increased their target price on Select Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, January 10th.

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.