Schroder Investment Management Group Acquires Shares of 125,713 Select Water Solutions, Inc. (NYSE:WTTR)

Schroder Investment Management Group bought a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 125,713 shares of the company's stock, valued at approximately $1,664,000. Schroder Investment Management Group owned about 0.11% of Select Water Solutions as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of 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 purchasing an additional 1,274,600 shares during the period. American Century Companies Inc. boosted its stake in Select Water Solutions by 12.6% during the fourth quarter. American Century Companies Inc. now owns 3,174,675 shares of the company's stock worth $42,033,000 after buying an additional 355,271 shares during the period. Geode Capital Management LLC increased its position in shares of Select Water Solutions by 7.9% during the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company's stock valued at $23,683,000 after acquiring an additional 155,091 shares during the last quarter. Boston Partners raised its stake in shares of Select Water Solutions by 4.3% in the 4th quarter. Boston Partners now owns 2,000,352 shares of the company's stock valued at $26,647,000 after acquiring an additional 81,746 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Select Water Solutions by 27.4% in the 4th quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock worth $26,456,000 after acquiring an additional 430,363 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company's stock.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total value of $349,398.00. Following the sale, the chief executive officer now owns 2,898,578 shares of the company's stock, valued at $38,145,286.48. This trade represents a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.40% of the stock is currently owned by corporate insiders.

Select Water Solutions Trading Up 0.8 %

Shares of WTTR stock traded up $0.07 on Friday, hitting $8.07. The stock had a trading volume of 1,768,318 shares, compared to its average volume of 1,093,299. The company's 50 day moving average price is $10.77 and its 200-day moving average price is $12.17. Select Water Solutions, Inc. has a 1 year low of $7.58 and a 1 year high of $15.14. The firm has a market capitalization of $962.06 million, a P/E ratio of 26.88 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62.

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

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a yield of 3.47%. Select Water Solutions's dividend payout ratio (DPR) is presently 93.33%.

Wall Street Analyst Weigh In

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

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.