Systematic Financial Management LP Grows Position in Select Water Solutions, Inc. (NYSE:WTTR)

Systematic Financial Management LP increased its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 12.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,062,344 shares of the company's stock after acquiring an additional 116,334 shares during the quarter. Systematic Financial Management LP owned about 0.89% of Select Water Solutions worth $11,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WTTR. Victory Capital Management Inc. raised its stake in Select Water Solutions by 1,328.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,770,505 shares of the company's stock valued at $40,344,000 after acquiring an additional 3,506,479 shares during the period. FMR LLC raised its stake in Select Water Solutions by 51.9% in the 3rd quarter. FMR LLC now owns 3,728,787 shares of the company's stock valued at $41,501,000 after acquiring an additional 1,274,600 shares during the period. American Century Companies Inc. raised its stake in 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 acquiring an additional 890,470 shares during the period. Harbor Capital Advisors Inc. raised its stake in Select Water Solutions by 148.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company's stock valued at $12,478,000 after acquiring an additional 669,301 shares during the period. Finally, Foundry Partners LLC bought a new stake in shares of Select Water Solutions during the second quarter valued at about $5,134,000. 81.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WTTR. Northland Securities upgraded Select Water Solutions from a "market perform" rating to an "outperform" rating and upped their price target for the company from $11.50 to $14.50 in a research report on Thursday, August 22nd. Northland Capmk raised Select Water Solutions from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 22nd.

Select Water Solutions Price Performance

Shares of NYSE WTTR traded down $0.46 during midday trading on Friday, hitting $14.15. 824,051 shares of the company's stock were exchanged, compared to its average volume of 1,019,906. Select Water Solutions, Inc. has a 12-month low of $6.99 and a 12-month high of $15.14. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 23.97 and a beta of 1.76. The business's fifty day moving average price is $12.52 and its two-hundred day moving average price is $11.43.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $371.35 million during the quarter, compared to analyst estimates of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. Select Water Solutions's revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. As a group, research analysts forecast that Select Water Solutions, Inc. will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.07 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.28 annualized dividend and a yield of 1.98%. This is a positive change from Select Water Solutions's previous quarterly dividend of $0.06. Select Water Solutions's dividend payout ratio is currently 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.