Barclays PLC Grows Position in Select Water Solutions, Inc. (NYSE:WTTR)

Barclays PLC lifted its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 23.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 174,066 shares of the company's stock after acquiring an additional 33,418 shares during the period. Barclays PLC owned 0.15% of Select Water Solutions worth $2,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WTTR. SkyView Investment Advisors LLC raised its stake in Select Water Solutions by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company's stock worth $680,000 after purchasing an additional 1,073 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Select Water Solutions during the third quarter worth $483,000. JPMorgan Chase & Co. grew its position 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 valued at $14,981,000 after acquiring an additional 329,353 shares in the last quarter. Kings Path Partners LLC acquired a new position in shares of Select Water Solutions in the fourth quarter valued at approximately $466,000. Finally, Ritholtz Wealth Management raised its stake in shares of Select Water Solutions by 24.1% in the fourth quarter. Ritholtz Wealth Management now owns 138,427 shares of the company's stock valued at $1,833,000 after acquiring an additional 26,912 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup raised their price target on Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, January 10th.

Select Water Solutions Stock Performance

Shares of WTTR stock traded down $0.10 during mid-day trading on Tuesday, hitting $8.25. 1,500,265 shares of the stock were exchanged, compared to its average volume of 1,088,008. The stock's fifty day simple moving average is $9.37 and its two-hundred day simple moving average is $11.86. 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 12-month low of $7.58 and a 12-month high of $15.14. The stock 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 issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. During the same period in the previous year, the company earned $0.04 earnings per share. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be paid 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 3.39%. Select Water Solutions's dividend payout ratio (DPR) is 93.33%.

Insiders Place Their Bets

In other news, CEO John Schmitz sold 73,450 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the completion of the transaction, the chief executive officer now directly owns 2,825,128 shares of the company's stock, valued at approximately $36,811,417.84. This represents a 2.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.40% of the stock is owned by insiders.

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.