Victory Capital Management Inc. Boosts Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Victory Capital Management Inc. boosted its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,818,016 shares of the company’s stock after buying an additional 47,511 shares during the period. Victory Capital Management Inc.’s holdings in Select Water Solutions were worth $42,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. New York State Teachers Retirement System lifted its holdings in Select Water Solutions by 13.8% during the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after buying an additional 1,010 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Select Water Solutions by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock valued at $32,000 after purchasing an additional 1,096 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Select Water Solutions by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 14,356 shares of the company’s stock valued at $133,000 after purchasing an additional 1,131 shares during the last quarter. CWM LLC lifted its holdings in shares of Select Water Solutions by 55.2% during the 2nd quarter. CWM LLC now owns 4,204 shares of the company’s stock valued at $45,000 after purchasing an additional 1,496 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Select Water Solutions by 15.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,993 shares of the company’s stock valued at $213,000 after purchasing an additional 3,142 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Price Performance

NYSE WTTR opened at $13.43 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. The stock’s fifty day moving average price is $11.45 and its 200 day moving average price is $10.91. Select Water Solutions, Inc. has a 1 year low of $6.99 and a 1 year high of $14.48. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 22.76 and a beta of 1.67.

Select Water Solutions (NYSE:WTTR) last released its 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. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The firm had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. During the same period in the prior year, the firm earned $0.14 EPS. The firm’s revenue was down 4.6% on a year-over-year basis. As a group, equities research analysts forecast that Select Water Solutions, Inc. will post 0.4 earnings per share for the current year.

Select Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.08%. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, November 5th. Select Water Solutions’s dividend payout ratio is presently 47.46%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WTTR. Northland Capmk upgraded Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $11.50 to $14.50 in a report on Thursday, August 22nd.

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.