Dimensional Fund Advisors LP Has $86.39 Million Position in Select Water Solutions, Inc. (NYSE:WTTR)

Dimensional Fund Advisors LP reduced its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,525,117 shares of the company’s stock after selling 29,312 shares during the period. Dimensional Fund Advisors LP owned 5.47% of Select Water Solutions worth $86,391,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Parkside Financial Bank & Trust raised its holdings in shares of Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock valued at $67,000 after purchasing an additional 1,007 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in Select Water Solutions by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company’s stock valued at $680,000 after buying an additional 1,073 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in Select Water Solutions by 13.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company’s stock valued at $126,000 after buying an additional 1,143 shares in the last quarter. Inspire Advisors LLC lifted its position in shares of Select Water Solutions by 6.2% in the fourth quarter. Inspire Advisors LLC now owns 20,751 shares of the company’s stock worth $275,000 after buying an additional 1,216 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Select Water Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 181,900 shares of the company’s stock worth $2,408,000 after acquiring an additional 1,400 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Select Water Solutions Stock Performance

Shares of WTTR opened at $8.82 on Wednesday. The company has a market capitalization of $1.05 billion, a PE ratio of 29.40 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. Select Water Solutions, Inc. has a one year low of $7.58 and a one year high of $15.14. The company’s fifty day moving average price is $9.74 and its 200 day moving average price is $11.95.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The business had revenue of $349.05 million during the quarter, compared to the consensus estimate of $333.62 million. As a group, analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.17%. Select Water Solutions’s dividend payout ratio (DPR) is presently 93.33%.

Wall Street Analyst Weigh In

Separately, Citigroup raised their price objective on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, January 10th.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 26,550 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total transaction of $349,398.00. Following the transaction, the chief executive officer now owns 2,898,578 shares of the company’s stock, valued at approximately $38,145,286.48. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

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.