Victory Capital Management Inc. Increases Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Victory Capital Management Inc. raised its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,818,016 shares of the company's stock after purchasing an additional 47,511 shares during the period. Victory Capital Management Inc. owned 3.21% of Select Water Solutions worth $42,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Select Water Solutions by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,008 shares of the company's stock valued at $32,000 after buying an additional 1,096 shares during the period. Innealta Capital LLC purchased a new stake in shares of Select Water Solutions in the second quarter valued at $34,000. CWM LLC raised its stake in shares of Select Water Solutions by 55.2% in the second quarter. CWM LLC now owns 4,204 shares of the company's stock valued at $45,000 after acquiring an additional 1,496 shares during the period. New York State Teachers Retirement System lifted its holdings 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 worth $93,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Select Water Solutions during the 3rd quarter worth about $112,000. 81.73% of the stock is owned by institutional investors.

Select Water Solutions Trading Down 0.9 %

NYSE:WTTR traded down $0.12 during midday trading on Friday, hitting $13.43. The stock had a trading volume of 570,254 shares, compared to its average volume of 1,068,494. The stock has a 50-day moving average of $11.45 and a 200 day moving average of $10.92. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 22.76 and a beta of 1.67. Select Water Solutions, Inc. has a one year low of $6.99 and a one year high of $14.48. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS 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 firm had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. During the same quarter last year, the firm posted $0.14 earnings per share. The business's revenue for the quarter was down 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that Select Water Solutions, Inc. will post 0.4 EPS for the current year.

Select Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, November 5th. This is an increase from Select Water Solutions's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.08%. Select Water Solutions's dividend payout ratio (DPR) is currently 47.46%.

Analyst Ratings Changes

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

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.