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

Harbor Capital Advisors Inc. lessened its position in Select Water Solutions, Inc. (NYSE:WTTR) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,012,063 shares of the company’s stock after selling 109,083 shares during the period. Harbor Capital Advisors Inc.’s holdings in Select Water Solutions were worth $13,400,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Kings Path Partners LLC acquired a new stake in shares of Select Water Solutions in the fourth quarter valued at approximately $466,000. JPMorgan Chase & Co. increased its position in Select Water Solutions by 32.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company’s stock valued at $14,981,000 after acquiring an additional 329,353 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Select Water Solutions during the third quarter valued at about $483,000. SkyView Investment Advisors LLC lifted its stake in shares of Select Water Solutions by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company’s stock worth $680,000 after acquiring an additional 1,073 shares during the period. Finally, Barclays PLC lifted its position in Select Water Solutions by 319.3% in the third quarter. Barclays PLC now owns 140,648 shares of the company’s stock worth $1,565,000 after purchasing an additional 107,107 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Price Performance

Shares of WTTR stock traded down $0.03 during mid-day trading on Friday, hitting $13.52. 283,122 shares of the stock traded hands, compared to its average volume of 612,674. Select Water Solutions, Inc. has a twelve month low of $6.99 and a twelve month high of $15.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78. The company’s 50-day simple moving average is $13.63 and its 200-day simple moving average is $11.91. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 22.92 and a beta of 1.76.

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, 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 firm had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. During the same period in the previous year, the company earned $0.14 earnings per share. Select Water Solutions’s revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts expect that Select Water Solutions, Inc. will post 0.4 earnings per share for the current year.

Select Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, November 5th. This is a positive change from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 2.07%. Select Water Solutions’s dividend payout ratio is currently 47.46%.

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.