State Street Corp Has $30.54 Million Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

State Street Corp cut its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 1.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,743,894 shares of the company’s stock after selling 28,323 shares during the quarter. State Street Corp’s holdings in Select Water Solutions were worth $30,540,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in Select Water Solutions during the 2nd quarter worth $34,000. GAMMA Investing LLC boosted its stake in shares of Select Water Solutions by 37.9% during the third quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock valued at $46,000 after purchasing an additional 1,141 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of 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 purchasing an additional 1,010 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Select Water Solutions in the third quarter valued at approximately $107,000. Finally, Creative Planning bought a new position in Select Water Solutions in the 3rd quarter valued at approximately $112,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Stock Up 0.6 %

NYSE:WTTR opened at $12.52 on Friday. Select Water Solutions, Inc. has a one year low of $6.99 and a one year high of $15.14. 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 company has a market cap of $1.49 billion, a PE ratio of 21.22 and a beta of 1.76. The firm’s 50 day simple moving average is $12.99 and its 200 day simple moving average is $11.63.

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

Select Water Solutions Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, November 5th. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 2.24%. Select Water Solutions’s payout ratio 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.