First Trust Advisors LP Grows Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

First Trust Advisors LP boosted its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 21.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,828,596 shares of the company's stock after buying an additional 1,226,061 shares during the quarter. First Trust Advisors LP owned approximately 5.72% of Select Water Solutions worth $90,411,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in Select Water Solutions by 27.4% in the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock valued at $26,456,000 after buying an additional 430,363 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Select Water Solutions during the 4th quarter valued at about $5,346,000. Arrowstreet Capital Limited Partnership grew its stake in Select Water Solutions by 254.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 524,354 shares of the company's stock worth $6,942,000 after purchasing an additional 376,218 shares during the period. Great Lakes Advisors LLC bought a new stake in Select Water Solutions in the fourth quarter worth approximately $4,913,000. Finally, American Century Companies Inc. lifted its stake in Select Water Solutions by 12.6% in the fourth quarter. American Century Companies Inc. now owns 3,174,675 shares of the company's stock valued at $42,033,000 after buying an additional 355,271 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Insider Transactions 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 on Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the transaction, the chief executive officer now owns 2,825,128 shares of the company's stock, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.40% of the company's stock.

Select Water Solutions Stock Down 0.3 %

Shares of NYSE WTTR traded down $0.03 during midday trading on Friday, hitting $8.83. 559,092 shares of the stock traded hands, compared to its average volume of 1,097,572. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65. Select Water Solutions, Inc. has a one year low of $7.58 and a one year high of $15.14. The business has a 50 day moving average price of $9.97 and a two-hundred day moving average price of $12.00. The company has a market cap of $1.05 billion, a PE ratio of 29.43 and a beta of 1.51.

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 analyst estimates of $333.62 million. On average, equities analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, May 6th. Select Water Solutions's dividend payout ratio is 93.33%.

Analyst Ratings Changes

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

About Select Water Solutions

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.