Select Water Solutions, Inc. (NYSE:WTTR) Shares Acquired by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 547.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,191 shares of the company's stock after purchasing an additional 144,765 shares during the quarter. Sei Investments Co. owned about 0.14% of Select Water Solutions worth $2,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings 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 worth $23,683,000 after purchasing an additional 155,091 shares during the period. Barclays PLC lifted its stake in 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 acquiring an additional 107,107 shares during the period. Swiss National Bank lifted its stake in Select Water Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 181,900 shares of the company's stock valued at $2,408,000 after acquiring an additional 1,400 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Select Water Solutions in the 3rd quarter valued at $483,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Select Water Solutions in the fourth quarter worth $203,000. Hedge funds and other institutional investors own 81.73% of the company's stock.

Select Water Solutions Stock Performance

WTTR stock traded down $0.50 during midday trading on Thursday, hitting $8.02. 1,839,554 shares of the stock traded hands, compared to its average volume of 1,089,376. Select Water Solutions, Inc. has a 1-year low of $7.58 and a 1-year high of $15.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. The stock's fifty day simple moving average is $10.88 and its 200-day simple moving average is $12.19. The firm has a market cap of $956.09 million, a P/E ratio of 26.72 and a beta of 1.51.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($0.01) 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 analyst estimates of $333.62 million. On average, analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's dividend payout ratio is presently 93.33%.

Analyst Ratings Changes

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

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the completion of the sale, the chief executive officer now directly 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 is accessible through this hyperlink. Insiders own 8.40% of the company's stock.

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.