Inspire Investing LLC Has $463,000 Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

Inspire Investing LLC decreased its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 16.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,947 shares of the company’s stock after selling 6,984 shares during the quarter. Inspire Investing LLC’s holdings in Select Water Solutions were worth $463,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. acquired a new position in shares of Select Water Solutions in the 3rd quarter valued at $483,000. Geode Capital Management LLC boosted its position in Select Water Solutions by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock worth $23,683,000 after acquiring an additional 155,091 shares during the period. Foundry Partners LLC boosted its position in Select Water Solutions by 29.8% during the 3rd quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock worth $6,931,000 after acquiring an additional 142,919 shares during the period. Barclays PLC boosted its position in Select Water Solutions by 319.3% during the 3rd quarter. Barclays PLC now owns 140,648 shares of the company’s stock worth $1,565,000 after acquiring an additional 107,107 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in Select Water Solutions by 148.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock worth $12,478,000 after acquiring an additional 669,301 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Trading Up 0.6 %

Shares of NYSE WTTR opened at $13.91 on Friday. Select Water Solutions, Inc. has a one year low of $7.34 and a one year high of $15.14. The firm has a market capitalization of $1.66 billion, a PE ratio of 23.58 and a beta of 1.76. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $13.86 and a two-hundred day moving average price of $12.18.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $371.35 million during the quarter, compared to the consensus estimate of $352.98 million. During the same period last year, the business earned $0.14 EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, analysts predict that Select Water Solutions, Inc. will post 0.39 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is presently 47.46%.

Analysts Set New Price Targets

Separately, Citigroup raised their price objective on Select Water Solutions from $14.00 to $18.00 and gave the stock 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.