Russell Investments Group Ltd. Boosts Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Russell Investments Group Ltd. boosted its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 38.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 524,621 shares of the company's stock after acquiring an additional 146,186 shares during the quarter. Russell Investments Group Ltd. owned 0.44% of Select Water Solutions worth $6,946,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WTTR. The Manufacturers Life Insurance Company boosted its holdings in shares of Select Water Solutions by 42.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 49,676 shares of the company's stock valued at $553,000 after acquiring an additional 14,777 shares during the last quarter. Barclays PLC boosted its holdings in Select Water Solutions by 319.3% in the third quarter. Barclays PLC now owns 140,648 shares of the company's stock worth $1,565,000 after purchasing an additional 107,107 shares during the last quarter. Geode Capital Management LLC grew its position in Select Water Solutions by 7.9% in the 3rd 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 during the period. SkyView Investment Advisors LLC raised its stake in Select Water Solutions by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company's stock valued at $680,000 after buying an additional 1,073 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Select Water Solutions during the 3rd quarter valued at $483,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of Select Water Solutions stock in a transaction on Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the transaction, the chief executive officer now owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.40% of the stock is currently owned by corporate insiders.

Select Water Solutions Stock Performance

NYSE WTTR traded up $0.30 during trading hours on Friday, hitting $8.54. 1,012,665 shares of the company's stock traded hands, compared to its average volume of 1,100,346. Select Water Solutions, Inc. has a 52 week low of $7.58 and a 52 week high of $15.14. The firm has a market capitalization of $1.02 billion, a P/E ratio of 28.45 and a beta of 1.51. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The business's fifty day moving average price is $10.31 and its two-hundred day moving average price is $12.07.

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

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.28%. Select Water Solutions's payout ratio is currently 93.33%.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their price objective on Select Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a 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.