Stanley Laman Group Ltd. Buys 5,296 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Stanley Laman Group Ltd. increased its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,678 shares of the company’s stock after buying an additional 5,296 shares during the period. Stanley Laman Group Ltd. owned 0.29% of Select Water Solutions worth $4,577,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in Select Water Solutions in the third quarter worth about $483,000. Geode Capital Management LLC grew its holdings in Select Water Solutions by 7.9% in the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock worth $23,683,000 after purchasing an additional 155,091 shares during the period. Foundry Partners LLC grew its holdings in Select Water Solutions by 29.8% in the third quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock worth $6,931,000 after purchasing an additional 142,919 shares during the period. Barclays PLC grew its holdings 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. Finally, Harbor Capital Advisors Inc. grew its holdings in Select Water Solutions by 148.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock worth $12,478,000 after purchasing an additional 669,301 shares during the period. 81.73% of the stock is owned by institutional investors.

Select Water Solutions Price Performance

Shares of WTTR opened at $12.37 on Thursday. The firm’s 50-day simple moving average is $13.44 and its two-hundred day simple moving average is $12.36. Select Water Solutions, Inc. has a fifty-two week low of $7.47 and a fifty-two week 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 stock has a market cap of $1.48 billion, a PE ratio of 20.97 and a beta of 1.73.

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th will be issued a dividend of $0.07 per share. 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 47.46%.

Analyst Upgrades and Downgrades

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

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.