Select Water Solutions, Inc. (NYSE:WTTR) Stock Holdings Increased by Invesco Ltd.

Invesco Ltd. raised its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 920,089 shares of the company's stock after buying an additional 82,053 shares during the period. Invesco Ltd. owned about 0.77% of Select Water Solutions worth $12,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WTTR. Russell Investments Group Ltd. grew its stake in Select Water Solutions by 38.6% during the 4th quarter. Russell Investments Group Ltd. now owns 524,621 shares of the company's stock worth $6,946,000 after purchasing an additional 146,186 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Select Water Solutions by 31.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,950 shares of the company's stock worth $410,000 after acquiring an additional 7,367 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Select Water Solutions in the 4th quarter valued at approximately $600,000. Wells Fargo & Company MN lifted its holdings in Select Water Solutions by 284.9% in the fourth quarter. Wells Fargo & Company MN now owns 234,356 shares of the company's stock valued at $3,103,000 after acquiring an additional 173,475 shares during the period. Finally, Cinctive Capital Management LP lifted its position in shares of Select Water Solutions by 55.0% during the 4th quarter. Cinctive Capital Management LP now owns 77,500 shares of the company's stock valued at $1,026,000 after acquiring an additional 27,500 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Select Water Solutions

In other news, CEO John Schmitz sold 26,550 shares of the company's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the completion of the sale, the chief executive officer now directly owns 2,898,578 shares of the company's stock, valued at $38,145,286.48. This represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.40% of the stock is currently owned by corporate insiders.

Select Water Solutions Trading Down 0.3 %

Shares of NYSE:WTTR traded down $0.03 during trading on Friday, reaching $8.83. 559,095 shares of the stock were exchanged, compared to its average volume of 1,097,315. 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 firm has a market cap of $1.05 billion, a price-to-earnings ratio of 29.43 and a beta of 1.51. The firm's 50-day moving average price is $9.88 and its 200 day moving average price is $11.98.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.14). The firm had revenue of $349.05 million for the quarter, compared to the consensus estimate of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. On average, sell-side 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 business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Tuesday, May 6th. Select Water Solutions's dividend payout ratio is currently 93.33%.

Wall Street Analysts Forecast Growth

Separately, Citigroup boosted their price objective on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, January 10th.

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.