Select Water Solutions, Inc. (NYSE:WTTR) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 27.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,998,193 shares of the company's stock after buying an additional 430,363 shares during the quarter. Van ECK Associates Corp owned about 1.67% of Select Water Solutions worth $26,456,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in Select Water Solutions in the third quarter valued at $483,000. Geode Capital Management LLC raised its position in Select Water Solutions by 7.9% in the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company's stock valued at $23,683,000 after purchasing an additional 155,091 shares during the period. Foundry Partners LLC raised its position in Select Water Solutions by 29.8% in the third quarter. Foundry Partners LLC now owns 622,755 shares of the company's stock valued at $6,931,000 after purchasing an additional 142,919 shares during the period. Barclays PLC raised its position 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 purchasing an additional 107,107 shares during the period. Finally, 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. Hedge funds and other institutional investors own 81.73% of the company's stock.

Insider Activity

In related news, CEO John Schmitz sold 26,550 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the completion of the transaction, the chief executive officer now directly owns 2,898,578 shares of the company's stock, valued at $38,145,286.48. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.40% of the company's stock.

Analyst Upgrades and Downgrades

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

Select Water Solutions Trading Up 1.5 %

Shares of NYSE WTTR traded up $0.19 during trading on Tuesday, reaching $13.33. The stock had a trading volume of 673,109 shares, compared to its average volume of 839,249. Select Water Solutions, Inc. has a fifty-two week low of $7.74 and a fifty-two 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 1.78. The business's 50-day moving average price is $13.36 and its 200-day moving average price is $12.39. The company has a market cap of $1.59 billion, a P/E ratio of 22.61 and a beta of 1.73.

Select Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.10%. Select Water Solutions's payout ratio is presently 47.46%.

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.