Massachusetts Financial Services Co. MA Sells 3,181 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Massachusetts Financial Services Co. MA decreased its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,404 shares of the company’s stock after selling 3,181 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Select Water Solutions were worth $1,463,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WTTR. Principal Financial Group Inc. bought a new stake in shares of Select Water Solutions during the 3rd quarter worth approximately $483,000. Foundry Partners LLC raised its position in Select Water Solutions by 29.8% during the third quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock valued at $6,931,000 after purchasing an additional 142,919 shares in the last quarter. Vanguard Group Inc. lifted its stake in Select Water Solutions by 3.5% during the first quarter. Vanguard Group Inc. now owns 5,619,256 shares of the company’s stock worth $51,866,000 after purchasing an additional 188,347 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Select Water Solutions in the 2nd quarter valued at $635,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Select Water Solutions by 148.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock valued at $12,478,000 after purchasing an additional 669,301 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WTTR has been the subject of several recent analyst reports. Northland Capmk upgraded Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Northland Securities raised Select Water Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $11.50 to $14.50 in a research note on Thursday, August 22nd.

Select Water Solutions Stock Up 0.8 %

Shares of WTTR opened at $14.67 on Thursday. Select Water Solutions, Inc. has a 52 week low of $6.99 and a 52 week high of $14.87. The stock has a fifty day moving average of $11.97 and a 200-day moving average of $11.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 24.88 and a beta of 1.67.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. As a group, sell-side analysts anticipate that Select Water Solutions, Inc. will post 0.4 earnings per share for the current fiscal year.

Select Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.07 per share. This is a positive change from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. This represents a $0.28 annualized dividend and a yield of 1.91%. Select Water Solutions’s dividend payout ratio (DPR) is presently 47.46%.

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.