HighTower Advisors LLC Sells 1,286 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

HighTower Advisors LLC trimmed its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 10.6% in the third quarter, Holdings Channel.com reports. The fund owned 10,843 shares of the company’s stock after selling 1,286 shares during the quarter. HighTower Advisors LLC’s holdings in Select Water Solutions were worth $120,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. ClearAlpha Technologies LP acquired a new position in Select Water Solutions during the third quarter worth $257,000. Icon Wealth Advisors LLC increased its position in shares of Select Water Solutions by 82.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $7,007,000 after purchasing an additional 284,891 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new position in Select Water Solutions during the 3rd quarter valued at about $107,000. CreativeOne Wealth LLC acquired a new position in Select Water Solutions in the third quarter valued at about $133,000. Finally, FMR LLC grew its stake 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 buying an additional 1,274,600 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Stock Performance

NYSE WTTR opened at $12.95 on Friday. Select Water Solutions, Inc. has a 1-year low of $6.99 and a 1-year high of $15.14. The company has a 50 day moving average of $13.11 and a 200-day moving average of $11.70. 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 firm has a market cap of $1.55 billion, a price-to-earnings ratio of 21.95 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The business’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. On average, equities analysts forecast that Select Water Solutions, Inc. will post 0.4 earnings per share for the current fiscal year.

Select Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.16%. This is a boost from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. Select Water Solutions’s payout ratio is currently 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.