Jane Street Group LLC Sells 12,931 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Jane Street Group LLC lowered its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 18.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 57,111 shares of the company’s stock after selling 12,931 shares during the period. Jane Street Group LLC’s holdings in Select Water Solutions were worth $636,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. acquired a new stake in shares of Select Water Solutions in the third quarter valued at approximately $483,000. Foundry Partners LLC raised its holdings in shares of Select Water Solutions by 29.8% in the third quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock valued at $6,931,000 after purchasing an additional 142,919 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Select Water Solutions in the second quarter valued at approximately $635,000. Harbor Capital Advisors Inc. raised its holdings in shares of Select Water Solutions by 148.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock valued at $12,478,000 after purchasing an additional 669,301 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Select Water Solutions by 87.3% in the second quarter. American Century Companies Inc. now owns 1,910,065 shares of the company’s stock valued at $20,438,000 after purchasing an additional 890,470 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Price Performance

NYSE WTTR opened at $13.80 on Friday. 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, Inc. has a 12-month low of $6.99 and a 12-month high of $15.14. The company has a market capitalization of $1.65 billion, a PE ratio of 23.39 and a beta of 1.76. The firm’s 50 day moving average is $13.40 and its 200-day moving average is $11.83.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. Equities research analysts anticipate that Select Water Solutions, Inc. will post 0.4 earnings per share for the current fiscal year.

Select Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.03%. This is an increase 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 presently 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.