Wellington Management Group LLP Has $50 Million Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Wellington Management Group LLP lessened its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,776,509 shares of the company's stock after selling 645,432 shares during the period. Wellington Management Group LLP owned approximately 3.17% of Select Water Solutions worth $50,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WTTR. FMR LLC grew its holdings in Select Water Solutions by 51.9% during the third quarter. FMR LLC now owns 3,728,787 shares of the company's stock worth $41,501,000 after acquiring an additional 1,274,600 shares during the period. Van ECK Associates Corp grew its holdings in Select Water Solutions by 27.4% in the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock valued at $26,456,000 after purchasing an additional 430,363 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Select Water Solutions in the fourth quarter valued at $5,346,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Select Water Solutions by 254.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 524,354 shares of the company's stock valued at $6,942,000 after acquiring an additional 376,218 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Select Water Solutions during the fourth quarter valued at $4,913,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the completion of the sale, the chief executive officer now owns 2,825,128 shares in the company, valued at $36,811,417.84. This represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.40% of the stock is owned by insiders.

Select Water Solutions Stock Performance

Shares of WTTR traded down $0.55 during mid-day trading on Thursday, hitting $7.96. The stock had a trading volume of 319,142 shares, compared to its average volume of 1,082,249. The company has a market cap of $950.01 million, a PE ratio of 26.60 and a beta of 1.51. The company's fifty day simple moving average is $10.98 and its two-hundred day simple moving average is $12.22. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a fifty-two week low of $7.58 and a fifty-two week high of $15.14.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.14). The business had revenue of $349.05 million for the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. On average, equities analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.52%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's payout ratio is 93.33%.

Wall Street Analysts Forecast Growth

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

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.