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

AQR Capital Management LLC trimmed its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 35.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in WTTR. Parkside Financial Bank & Trust grew its holdings in Select Water Solutions by 24.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after acquiring an additional 1,007 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Select Water Solutions by 13.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock valued at $126,000 after purchasing an additional 1,143 shares during the period. Inspire Advisors LLC boosted its holdings in Select Water Solutions by 6.2% during the fourth quarter. Inspire Advisors LLC now owns 20,751 shares of the company's stock worth $275,000 after buying an additional 1,216 shares in the last quarter. Swiss National Bank grew its position in Select Water Solutions by 0.8% during the fourth quarter. Swiss National Bank now owns 181,900 shares of the company's stock worth $2,408,000 after buying an additional 1,400 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Select Water Solutions by 128.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock valued at $36,000 after acquiring an additional 1,525 shares during the period. Institutional investors and hedge funds own 81.73% of the company's stock.

Wall Street Analysts Forecast Growth

WTTR has been the topic of several research reports. Citigroup upped their target price on Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a report on Friday, January 10th. Raymond James lowered their price objective on shares of Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a research note on Friday.

Select Water Solutions Stock Performance

Select Water Solutions stock opened at $8.25 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65. Select Water Solutions, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $15.14. The stock has a fifty day moving average of $9.15 and a two-hundred day moving average of $11.79. The company has a market capitalization of $984.13 million, a price-to-earnings ratio of 27.50 and a beta of 1.28.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $374.38 million for the quarter, compared to analyst estimates of $360.78 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS. On average, analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, May 6th. Select Water Solutions's dividend payout ratio is presently 82.35%.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the sale, the chief executive officer now directly 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 can be accessed through the SEC website. Insiders own 8.40% of the company's stock.

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.

Want to see what other hedge funds are holding WTTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Water Solutions, Inc. (NYSE:WTTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.