Sterling Capital Management LLC Boosts Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

Sterling Capital Management LLC raised its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 71,422.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,302 shares of the company's stock after buying an additional 229,980 shares during the period. Sterling Capital Management LLC owned about 0.19% of Select Water Solutions worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of 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 buying an additional 155,091 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Select Water Solutions by 0.8% in the 4th quarter. Swiss National Bank now owns 181,900 shares of the company's stock worth $2,408,000 after buying an additional 1,400 shares during the last quarter. Barclays PLC boosted its stake in Select Water Solutions by 319.3% in the third 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 last quarter. Principal Financial Group Inc. purchased a new stake in shares of Select Water Solutions during the 3rd quarter worth approximately $483,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Select Water Solutions in the 4th quarter worth approximately $203,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Stock Performance

WTTR stock traded up $0.30 during midday trading on Friday, reaching $8.54. 1,012,665 shares of the company's stock traded hands, compared to its average volume of 1,100,002. The firm has a market capitalization of $1.02 billion, a PE ratio of 28.45 and a beta of 1.51. Select Water Solutions, Inc. has a 52 week low of $7.58 and a 52 week high of $15.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65. The company has a 50-day moving average price of $10.40 and a two-hundred day moving average price of $12.09.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported ($0.01) 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 company had revenue of $349.05 million during the quarter, compared to the consensus estimate of $333.62 million. As a group, equities analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Citigroup raised 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.

Insider Buying and Selling at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the sale, the chief executive officer now directly owns 2,825,128 shares of the company's stock, valued at $36,811,417.84. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 8.40% of the company's stock.

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.