AQR Capital Management LLC Lowers Stake in Select Water Solutions, Inc. (NYSE:WTTR)

AQR Capital Management LLC lessened its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 35.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 311,971 shares of the company's stock after selling 170,459 shares during the period. AQR Capital Management LLC owned 0.26% of Select Water Solutions worth $4,130,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Select Water Solutions by 319.3% during the third quarter. Barclays PLC now owns 140,648 shares of the company's stock worth $1,565,000 after purchasing an additional 107,107 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Select Water Solutions by 32.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company's stock worth $14,981,000 after purchasing an additional 329,353 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Select Water Solutions by 24.1% during the fourth quarter. Ritholtz Wealth Management now owns 138,427 shares of the company's stock worth $1,833,000 after purchasing an additional 26,912 shares during the last quarter. SG Americas Securities LLC bought a new stake in Select Water Solutions in the 4th quarter worth approximately $360,000. Finally, Longboard Asset Management LP purchased a new stake in shares of Select Water Solutions in the 4th quarter valued at $167,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Insider Activity

In other news, CEO John Schmitz sold 73,450 shares of Select Water Solutions stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the sale, the chief executive officer now owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.40% of the company's stock.

Analyst Ratings Changes

WTTR has been the topic of several recent analyst reports. Citigroup cut their target price on Select Water Solutions from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday. Raymond James lowered their price objective on Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th.

Select Water Solutions Stock Down 1.4%

NYSE WTTR traded down $0.13 on Thursday, hitting $8.53. The stock had a trading volume of 198,024 shares, compared to its average volume of 1,107,011. Select Water Solutions, Inc. has a 52-week low of $7.20 and a 52-week high of $15.14. The business's fifty day moving average price is $9.05 and its 200 day moving average price is $11.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 28.38 and a beta of 1.28.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The firm had revenue of $374.38 million during the quarter, compared to analysts' expectations of $360.78 million. During the same period last year, the business posted $0.04 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.28 annualized dividend and a dividend yield of 3.28%. Select Water Solutions's payout ratio is 82.35%.

Select Water Solutions 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.