Vanguard Group Inc. Purchases 464,946 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Vanguard Group Inc. grew its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,063,979 shares of the company's stock after acquiring an additional 464,946 shares during the quarter. Vanguard Group Inc. owned 4.22% of Select Water Solutions worth $40,259,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of Select Water Solutions by 35.9% in the 1st quarter. Bank of New York Mellon Corp now owns 313,417 shares of the company's stock valued at $2,686,000 after acquiring an additional 82,752 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Select Water Solutions by 55.4% during the first quarter. MetLife Investment Management LLC now owns 34,292 shares of the company's stock worth $294,000 after acquiring an additional 12,227 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Select Water Solutions by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,179,679 shares of the company's stock valued at $27,250,000 after purchasing an additional 335,416 shares during the last quarter. Sei Investments Co. grew its stake in Select Water Solutions by 94.6% in the first quarter. Sei Investments Co. now owns 119,293 shares of the company's stock valued at $987,000 after purchasing an additional 57,985 shares in the last quarter. Finally, Ergoteles LLC bought a new position in Select Water Solutions in the first quarter valued at approximately $345,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Insider Buying and Selling

In other Select Water Solutions news, CAO Brian Szymanski sold 8,080 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.33, for a total value of $67,306.40. Following the sale, the chief accounting officer now owns 84,304 shares in the company, valued at $702,252.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Select Water Solutions news, CAO Brian Szymanski sold 8,080 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $8.33, for a total value of $67,306.40. Following the transaction, the chief accounting officer now directly owns 84,304 shares in the company, valued at $702,252.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Christopher Kile George sold 23,000 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total transaction of $198,490.00. Following the sale, the senior vice president now owns 255,587 shares of the company's stock, valued at approximately $2,205,715.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,511 shares of company stock worth $398,053. Company insiders own 8.10% of the company's stock.

Select Water Solutions Trading Down 0.5 %

Shares of Select Water Solutions stock traded down $0.05 on Wednesday, reaching $9.40. 754,964 shares of the company were exchanged, compared to its average volume of 1,175,188. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.95 and a beta of 1.66. Select Water Solutions, Inc. has a one year low of $6.78 and a one year high of $9.74. The company has a 50-day moving average of $8.56 and a 200 day moving average of $7.84.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.11. Select Water Solutions had a net margin of 4.69% and a return on equity of 8.46%. The firm had revenue of $374.90 million for the quarter, compared to analyst estimates of $378.12 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The company's quarterly revenue was down 1.8% compared to the same quarter last year. Analysts predict that Select Water Solutions, Inc. will post 0.73 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.24 annualized dividend and a yield of 2.55%. Select Water Solutions's dividend payout ratio (DPR) is currently 32.88%.

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.