Wellington Management Group LLP Sells 645,432 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Wellington Management Group LLP reduced its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,776,509 shares of the company's stock after selling 645,432 shares during the period. Wellington Management Group LLP owned approximately 3.17% of Select Water Solutions worth $50,001,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after purchasing an additional 1,007 shares during the last quarter. Summit Investment Advisors Inc. grew its position in 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 acquiring an additional 1,143 shares during the period. Inspire Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,216 shares during the last quarter. Swiss National Bank grew its holdings in shares of 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 purchasing an additional 1,400 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Select Water Solutions by 128.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock worth $36,000 after purchasing an additional 1,525 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Select Water Solutions Price Performance

NYSE WTTR traded up $0.37 during midday trading on Tuesday, hitting $8.57. The company had a trading volume of 311,920 shares, compared to its average volume of 1,077,339. The company has a market capitalization of $1.03 billion, a PE ratio of 28.57 and a beta of 1.28. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $8.60 and a 200-day moving average price of $11.36. Select Water Solutions, Inc. has a twelve month low of $7.20 and a twelve month high of $15.14.

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 for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $374.38 million during the quarter, compared to analysts' expectations of $360.78 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The company's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 EPS. As a group, analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.28 annualized dividend and a dividend yield of 3.27%. Select Water Solutions's payout ratio is 82.35%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WTTR shares. 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, May 13th. Raymond James cut their target price on Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th.

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.