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

Empowered Funds LLC raised its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 11.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 640,401 shares of the company’s stock after buying an additional 66,020 shares during the quarter. Empowered Funds LLC’s holdings in Select Water Solutions were worth $8,479,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Select Water Solutions by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock valued at $46,000 after buying an additional 1,141 shares in the last quarter. New York State Teachers Retirement System boosted its stake in 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 valued at $93,000 after acquiring an additional 1,010 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in Select Water Solutions in the third quarter worth $107,000. Creative Planning purchased a new position in Select Water Solutions in the third quarter worth $112,000. Finally, CWM LLC increased its position in shares of Select Water Solutions by 182.8% during the third quarter. CWM LLC now owns 11,889 shares of the company’s stock worth $132,000 after purchasing an additional 7,685 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Stock Down 0.2 %

NYSE:WTTR opened at $12.77 on Monday. The company’s 50 day moving average is $13.57 and its two-hundred day moving average is $12.34. The company has a market cap of $1.52 billion, a PE ratio of 21.64 and a beta of 1.73. Select Water Solutions, Inc. has a twelve month low of $7.47 and a twelve month high of $15.14. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a yield of 2.19%. Select Water Solutions’s dividend payout ratio (DPR) is 47.46%.

Analyst Upgrades and Downgrades

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

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.