Hotchkis & Wiley Capital Management LLC Grows Position in Select Water Solutions, Inc. (NYSE:WTTR)

Hotchkis & Wiley Capital Management LLC increased its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 46.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 558,530 shares of the company's stock after purchasing an additional 177,900 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.47% of Select Water Solutions worth $6,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in Select Water Solutions during the 3rd quarter valued at about $483,000. Foundry Partners LLC grew its position in Select Water Solutions by 29.8% during the 3rd quarter. Foundry Partners LLC now owns 622,755 shares of the company's stock worth $6,931,000 after purchasing an additional 142,919 shares during the period. Acadian Asset Management LLC purchased a new position in Select Water Solutions in the 2nd quarter valued at $635,000. Harbor Capital Advisors Inc. raised its position in Select Water Solutions by 148.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company's stock valued at $12,478,000 after purchasing an additional 669,301 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Select Water Solutions by 87.3% in the 2nd quarter. American Century Companies Inc. now owns 1,910,065 shares of the company's stock valued at $20,438,000 after buying an additional 890,470 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Select Water Solutions Stock Down 3.1 %

Select Water Solutions stock traded down $0.46 during midday trading on Friday, reaching $14.15. The stock had a trading volume of 824,051 shares, compared to its average volume of 1,019,906. 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 firm's fifty day simple moving average is $12.46 and its 200-day simple moving average is $11.40. The stock has a market capitalization of $1.69 billion, a P/E ratio of 24.77 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings data 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 quarter last year, the business posted $0.14 EPS. Select Water Solutions's revenue for the quarter was down 4.6% on a year-over-year basis. As a group, analysts expect that Select Water Solutions, Inc. will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.98%. This is a boost from Select Water Solutions's previous quarterly dividend of $0.06. Select Water Solutions's dividend payout ratio (DPR) is presently 47.46%.

Analyst Ratings Changes

Several research analysts recently issued reports on WTTR shares. Northland Capmk upgraded Select Water Solutions from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 22nd. Northland Securities upgraded shares of Select Water Solutions from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $11.50 to $14.50 in a research note on Thursday, August 22nd.

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.