Harbor Capital Advisors Inc. Has $9.11 Million Stock Holdings in Select Water Solutions, Inc. $WTTR

Key Points

• Harbor Capital Advisors Inc. has increased its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 3.8%, owning approximately 0.88% of the company, valued at about $9.1 million.
• Analysts from Piper Sandler have initiated coverage on Select Water Solutions with an "overweight" rating and a price target of $15.00, while the stock currently has a consensus rating of "Buy".
• Select Water Solutions recently declared a quarterly dividend of $0.07 per share, representing an annualized yield of 3.1%, with a dividend payout ratio of 90.32%.

Harbor Capital Advisors Inc. grew its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,054,145 shares of the company's stock after purchasing an additional 38,692 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.88% of Select Water Solutions worth $9,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Select Water Solutions by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 6,358,953 shares of the company's stock valued at $66,769,000 after purchasing an additional 488,443 shares during the period. Wellington Management Group LLP lifted its holdings in Select Water Solutions by 7.8% during the 1st quarter. Wellington Management Group LLP now owns 4,070,293 shares of the company's stock worth $42,738,000 after buying an additional 293,784 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Select Water Solutions by 6.2% during the 1st quarter. Victory Capital Management Inc. now owns 3,953,648 shares of the company's stock worth $41,513,000 after buying an additional 229,736 shares in the last quarter. American Century Companies Inc. lifted its holdings in Select Water Solutions by 10.8% during the 1st quarter. American Century Companies Inc. now owns 3,518,256 shares of the company's stock worth $36,942,000 after buying an additional 343,581 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Select Water Solutions by 2.1% in the 1st quarter. Royce & Associates LP now owns 1,784,043 shares of the company's stock valued at $18,732,000 after purchasing an additional 36,032 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler began coverage on Select Water Solutions in a research note on Tuesday, July 15th. They issued an "overweight" rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $15.00.

Select Water Solutions Price Performance

Shares of WTTR remained flat at $10.01 during trading hours on Friday. 2,363,829 shares of the company were exchanged, compared to its average volume of 1,234,782. The company has a current ratio of 2.01, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29. Select Water Solutions, Inc. has a 1-year low of $7.20 and a 1-year high of $15.14. The company's 50 day moving average is $8.87 and its 200-day moving average is $8.95. The company has a market cap of $1.21 billion, a P/E ratio of 32.29 and a beta of 1.26.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). Select Water Solutions had a net margin of 2.26% and a return on equity of 3.69%. The firm had revenue of $364.22 million during the quarter, compared to the consensus estimate of $362.93 million. During the same quarter in the prior year, the company earned $0.13 EPS. Select Water Solutions's quarterly revenue was down .3% on a year-over-year basis. As a group, equities analysts expect 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 announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, August 5th. Select Water Solutions's dividend payout ratio is 90.32%.

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.