Harbor Capital Advisors Inc. Decreases Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Harbor Capital Advisors Inc. reduced its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,012,063 shares of the company’s stock after selling 109,083 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.85% of Select Water Solutions worth $13,400,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in Select Water Solutions by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock valued at $46,000 after purchasing an additional 1,141 shares in the last quarter. New York State Teachers Retirement System increased its stake 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 last quarter. Northwest & Ethical Investments L.P. bought a new position in Select Water Solutions during the 3rd quarter valued at $107,000. Creative Planning bought a new position in Select Water Solutions during the 3rd quarter valued at $112,000. Finally, CWM LLC grew its holdings in Select Water Solutions by 182.8% during the 3rd quarter. CWM LLC now owns 11,889 shares of the company’s stock worth $132,000 after acquiring an additional 7,685 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Stock Down 0.2 %

Shares of Select Water Solutions stock traded down $0.03 during trading on Friday, reaching $13.52. The company had a trading volume of 283,122 shares, compared to its average volume of 612,674. 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 fifty-two week low of $6.99 and a fifty-two week high of $15.14. The firm’s fifty day moving average is $13.63 and its 200-day moving average is $11.91. The company 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 announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $352.98 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Select Water Solutions’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, analysts anticipate that Select Water Solutions, Inc. will post 0.4 EPS for the current year.

Select Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.07 dividend. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, November 5th. Select Water Solutions’s dividend payout ratio (DPR) is presently 47.46%.

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.