Select Water Solutions, Inc. (NYSE:WTTR) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 148.1% in the third quarter, Holdings Channel.com reports. The fund owned 1,121,146 shares of the company’s stock after buying an additional 669,301 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Select Water Solutions were worth $12,478,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Caxton Associates LP acquired a new stake in Select Water Solutions during the 1st quarter valued at $495,000. Vanguard Group Inc. increased its stake in shares of Select Water Solutions by 3.5% in the first quarter. Vanguard Group Inc. now owns 5,619,256 shares of the company’s stock worth $51,866,000 after acquiring an additional 188,347 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Select Water Solutions by 129.6% in the first quarter. Empowered Funds LLC now owns 471,545 shares of the company’s stock worth $4,352,000 after acquiring an additional 266,145 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Select Water Solutions in the second quarter worth $635,000. Finally, Quadrature Capital Ltd boosted its holdings in Select Water Solutions by 277.6% in the first quarter. Quadrature Capital Ltd now owns 77,557 shares of the company’s stock worth $716,000 after purchasing an additional 57,017 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Stock Performance

NYSE:WTTR opened at $10.31 on Friday. The firm has a market capitalization of $1.23 billion, a PE ratio of 17.78 and a beta of 1.67. The firm has a 50-day moving average price of $11.06 and a 200 day moving average price of $10.65. The company has a quick ratio of 1.63, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. Select Water Solutions, Inc. has a 12-month low of $6.99 and a 12-month high of $12.27.

Select Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be 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 of this dividend is Tuesday, November 5th. This represents a $0.28 annualized dividend and a dividend yield of 2.72%. Select Water Solutions’s dividend payout ratio (DPR) is presently 41.38%.

Wall Street Analyst Weigh In

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

About Select Water Solutions

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.