Empowered Funds LLC Boosts Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Empowered Funds LLC grew its position in Select Water Solutions, Inc. (NYSE:WTTR) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 640,401 shares of the company’s stock after acquiring an additional 66,020 shares during the quarter. Empowered Funds LLC owned about 0.54% of Select Water Solutions worth $8,479,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Select Water Solutions by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock worth $46,000 after purchasing an additional 1,141 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Select Water Solutions by 13.8% in the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after buying an additional 1,010 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in shares of Select Water Solutions during the 3rd quarter worth approximately $107,000. Creative Planning purchased a new position in Select Water Solutions during the 3rd quarter valued at $112,000. Finally, CWM LLC grew its position in Select Water Solutions by 182.8% in the 3rd quarter. CWM LLC now owns 11,889 shares of the company’s stock valued at $132,000 after acquiring an additional 7,685 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Select Water Solutions Stock Performance

Shares of NYSE:WTTR opened at $12.77 on Monday. The firm’s 50 day simple moving average is $13.57 and its 200-day simple moving average is $12.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78. Select Water Solutions, Inc. has a one year low of $7.47 and a one year high of $15.14. The firm has a market cap of $1.52 billion, a PE ratio of 21.64 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. Shareholders of record on Tuesday, February 4th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.19%. Select Water Solutions’s payout ratio is currently 47.46%.

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.