Charles Schwab Investment Management Inc. Sells 58,438 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Charles Schwab Investment Management Inc. reduced its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,021,413 shares of the company's stock after selling 58,438 shares during the period. Charles Schwab Investment Management Inc. owned about 0.86% of Select Water Solutions worth $11,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WTTR. GAMMA Investing LLC raised its stake in Select Water Solutions by 57.3% in the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company's stock worth $32,000 after buying an additional 1,096 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Select Water Solutions in the 2nd quarter worth approximately $34,000. CWM LLC raised its position in shares of Select Water Solutions by 55.2% in the 2nd quarter. CWM LLC now owns 4,204 shares of the company's stock worth $45,000 after acquiring an additional 1,496 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of Select Water Solutions by 13.8% in the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company's stock valued at $93,000 after purchasing an additional 1,010 shares during the period. Finally, Creative Planning bought a new stake in shares of Select Water Solutions during the third quarter valued at approximately $112,000. Institutional investors own 81.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WTTR. Northland Capmk raised Select Water Solutions from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 22nd. Northland Securities raised shares of Select Water Solutions from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $11.50 to $14.50 in a research report on Thursday, August 22nd.

Select Water Solutions Stock Performance

Shares of NYSE WTTR traded up $0.39 during midday trading on Tuesday, hitting $14.49. 392,783 shares of the company's stock traded hands, compared to its average volume of 1,016,329. The firm has a fifty day moving average of $12.58 and a 200 day moving average of $11.46. Select Water Solutions, Inc. has a 1 year low of $6.99 and a 1 year 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 1.78. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 23.90 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The company had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. During the same period in the previous year, the business earned $0.14 earnings per share. Select Water Solutions's quarterly revenue was down 4.6% compared to the same quarter last year. On average, analysts forecast that Select Water Solutions, Inc. will post 0.4 earnings per share for the current year.

Select Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.93%. This is a boost from Select Water Solutions's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, November 5th. Select Water Solutions's dividend payout ratio (DPR) is presently 47.46%.

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.