Profund Advisors LLC Increases Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Profund Advisors LLC lifted its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 17.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,220 shares of the company’s stock after purchasing an additional 3,343 shares during the quarter. Profund Advisors LLC’s holdings in Select Water Solutions were worth $238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of WTTR. Charles Schwab Investment Management Inc. increased its holdings in Select Water Solutions by 14.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,083,135 shares of the company’s stock worth $8,221,000 after buying an additional 136,489 shares during the period. CenterBook Partners LP increased its holdings in Select Water Solutions by 29.3% in the 4th quarter. CenterBook Partners LP now owns 171,095 shares of the company’s stock worth $1,299,000 after buying an additional 38,794 shares during the period. Icon Wealth Advisors LLC acquired a new position in Select Water Solutions in the 4th quarter worth approximately $4,778,000. Palogic Value Management L.P. increased its holdings in Select Water Solutions by 28.2% in the 4th quarter. Palogic Value Management L.P. now owns 341,300 shares of the company’s stock worth $2,590,000 after buying an additional 75,000 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Select Water Solutions by 3.2% in the 4th quarter. Wellington Management Group LLP now owns 4,699,066 shares of the company’s stock worth $35,666,000 after buying an additional 145,714 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analysts Set New Price Targets

WTTR has been the topic of several research reports. Northland Capmk upgraded 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 raised their price objective for the stock from $11.50 to $14.50 in a research note on Thursday, August 22nd.

Select Water Solutions Price Performance

Shares of NYSE WTTR opened at $10.82 on Friday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 16.65 and a beta of 1.66. Select Water Solutions, Inc. has a 12 month low of $6.78 and a 12 month high of $12.27. The firm’s 50 day simple moving average is $11.08 and its 200-day simple moving average is $10.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.63.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $365.13 million for 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 was down 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. Analysts expect that Select Water Solutions, Inc. will post 0.48 EPS for the current year.

Select Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.22%. Select Water Solutions’s payout ratio is 36.92%.

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.