Stanley Laman Group Ltd. Boosts Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Stanley Laman Group Ltd. boosted its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 345,678 shares of the company’s stock after acquiring an additional 5,296 shares during the period. Stanley Laman Group Ltd.’s holdings in Select Water Solutions were worth $4,577,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WTTR. FMR LLC grew its stake in Select Water Solutions by 51.9% during the third quarter. FMR LLC now owns 3,728,787 shares of the company’s stock valued at $41,501,000 after acquiring an additional 1,274,600 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Select Water Solutions by 148.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock valued at $12,478,000 after acquiring an additional 669,301 shares in the last quarter. Van ECK Associates Corp grew its stake in Select Water Solutions by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock valued at $26,456,000 after acquiring an additional 430,363 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Select Water Solutions by 32.4% during the third 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 in the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in shares of Select Water Solutions by 82.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $7,007,000 after buying an additional 284,891 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Stock Down 3.7 %

Shares of Select Water Solutions stock opened at $12.37 on Thursday. The firm’s 50 day moving average price is $13.44 and its 200-day moving average price is $12.36. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 52-week low of $7.47 and a 52-week high of $15.14. The company has a market cap of $1.48 billion, a P/E ratio of 20.97 and a beta of 1.73.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Tuesday, February 4th. Select Water Solutions’s payout ratio is currently 47.46%.

Analysts Set New Price Targets

Separately, Citigroup boosted their price target on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a report on Friday, January 10th.

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.