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

HighTower Advisors LLC cut its holdings in Select Water Solutions, Inc. (NYSE:WTTR) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 quarter.

Several other hedge funds also recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Select Water Solutions during the second quarter valued at approximately $34,000. GAMMA Investing LLC grew its stake in Select Water Solutions by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock valued at $46,000 after buying an additional 1,141 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Select Water Solutions by 13.8% in the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after acquiring an additional 1,010 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Select Water Solutions during the 3rd quarter worth $107,000. Finally, Creative Planning bought a new stake in Select Water Solutions during the third quarter valued at about $112,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Trading Up 1.2 %

Select Water Solutions stock opened at $12.95 on Friday. Select Water Solutions, Inc. has a 52 week low of $6.99 and a 52 week high of $15.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78. The firm has a market capitalization of $1.55 billion, a PE ratio of 21.95 and a beta of 1.76. The business’s 50-day simple moving average is $13.11 and its 200-day simple moving average is $11.70.

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

Select Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.16%. This is a positive change from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, November 5th. Select Water Solutions’s dividend payout ratio (DPR) 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.