Systematic Financial Management LP Sells 31,332 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Systematic Financial Management LP trimmed its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 946,010 shares of the company’s stock after selling 31,332 shares during the quarter. Systematic Financial Management LP owned 0.79% of Select Water Solutions worth $10,122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WTTR. Meros Investment Management LP increased its stake in Select Water Solutions by 1.6% in the 2nd quarter. Meros Investment Management LP now owns 794,060 shares of the company’s stock valued at $8,496,000 after buying an additional 12,537 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Select Water Solutions by 12.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,899 shares of the company’s stock worth $373,000 after purchasing an additional 3,997 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Select Water Solutions by 19.0% during the 2nd quarter. AQR Capital Management LLC now owns 570,161 shares of the company’s stock worth $6,101,000 after purchasing an additional 90,925 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Select Water Solutions during the 2nd quarter worth about $298,000. Finally, Profund Advisors LLC increased its stake in shares of Select Water Solutions by 17.7% during the 2nd quarter. Profund Advisors LLC now owns 22,220 shares of the company’s stock worth $238,000 after purchasing an additional 3,343 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Select Water Solutions Price Performance

Shares of NYSE:WTTR opened at $10.82 on Monday. The firm has a 50 day moving average of $11.08 and a 200-day moving average of $10.33. The stock has a market capitalization of $1.29 billion, a PE ratio of 16.65 and a beta of 1.66. The company has a current ratio of 1.81, a quick ratio of 1.63 and a debt-to-equity ratio of 0.10. Select Water Solutions, Inc. has a 12 month low of $6.78 and a 12 month high of $12.27.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, July 30th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $365.13 million during the quarter, compared to analysts’ expectations of $372.25 million. Select Water Solutions had a net margin of 3.91% and a return on equity of 6.56%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS. On average, equities research analysts predict that Select Water Solutions, Inc. will post 0.48 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.22%. The ex-dividend date was Monday, August 5th. Select Water Solutions’s dividend payout ratio (DPR) is currently 36.92%.

Analyst Upgrades and Downgrades

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