Vest Financial LLC Raises Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Vest Financial LLC increased its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 130,741 shares of the company’s stock after acquiring an additional 22,387 shares during the quarter. Vest Financial LLC owned approximately 0.11% of Select Water Solutions worth $1,455,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Select Water Solutions by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,569,379 shares of the company’s stock worth $70,291,000 after purchasing an additional 214,915 shares during the last quarter. Vanguard Group Inc. grew its holdings in Select Water Solutions by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 5,619,256 shares of the company’s stock valued at $51,866,000 after buying an additional 188,347 shares during the period. Wellington Management Group LLP increased its stake in shares of Select Water Solutions by 3.2% during the 4th quarter. Wellington Management Group LLP now owns 4,699,066 shares of the company’s stock valued at $35,666,000 after acquiring an additional 145,714 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Select Water Solutions by 1,328.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,770,505 shares of the company’s stock worth $40,344,000 after acquiring an additional 3,506,479 shares during the period. Finally, Webs Creek Capital Management LP boosted its position in shares of Select Water Solutions by 16.1% in the first quarter. Webs Creek Capital Management LP now owns 2,208,733 shares of the company’s stock worth $20,387,000 after acquiring an additional 306,547 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Price Performance

WTTR opened at $10.92 on Monday. Select Water Solutions, Inc. has a 52-week low of $6.78 and a 52-week high of $12.27. The company has a 50 day moving average of $11.09 and a two-hundred day moving average of $10.55. The company has a market cap of $1.30 billion, a P/E ratio of 16.80 and a beta of 1.65. The company has a quick ratio of 1.63, a current ratio of 1.81 and a debt-to-equity ratio of 0.10.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $365.13 million during the quarter, compared to the consensus estimate of $372.25 million. Select Water Solutions had a return on equity of 6.56% and a net margin of 3.91%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. On average, analysts expect that Select Water Solutions, Inc. will post 0.47 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Monday, August 5th. Select Water Solutions’s dividend payout ratio is presently 36.92%.

Analyst Ratings Changes

A number of research firms have weighed in on WTTR. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $11.50 to $14.50 in a research note on Thursday, August 22nd. Northland Capmk upgraded Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report 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.