Select Water Solutions, Inc. (NYSE:WTTR) Shares Acquired by Meros Investment Management LP

Meros Investment Management LP lifted its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 794,060 shares of the company’s stock after buying an additional 12,537 shares during the period. Select Water Solutions makes up approximately 4.0% of Meros Investment Management LP’s investment portfolio, making the stock its 9th biggest holding. Meros Investment Management LP owned 0.67% of Select Water Solutions worth $8,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in shares of Select Water Solutions by 1,328.1% during the second quarter. Victory Capital Management Inc. now owns 3,770,505 shares of the company’s stock worth $40,344,000 after purchasing an additional 3,506,479 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Select Water Solutions by 87.3% during the second quarter. American Century Companies Inc. now owns 1,910,065 shares of the company’s stock worth $20,438,000 after purchasing an additional 890,470 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in shares of Select Water Solutions during the fourth quarter worth $4,778,000. Foundry Partners LLC purchased a new position in shares of Select Water Solutions during the second quarter worth $5,134,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Select Water Solutions by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 451,845 shares of the company’s stock worth $4,835,000 after purchasing an additional 330,838 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Northland Capmk raised shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $11.50 to $14.50 in a report on Thursday, August 22nd.

Select Water Solutions Stock Down 5.7 %

WTTR opened at $10.57 on Friday. Select Water Solutions, Inc. has a fifty-two week low of $6.78 and a fifty-two week high of $12.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.63 and a current ratio of 1.81. The company has a fifty day moving average of $11.09 and a two-hundred day moving average of $10.29. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 16.26 and a beta of 1.66.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $365.13 million for the quarter, compared to analyst estimates of $372.25 million. Select Water Solutions had a net margin of 3.91% and a return on equity of 6.56%. Select Water Solutions’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. On average, research analysts expect that Select Water Solutions, Inc. will post 0.48 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a dividend of $0.06 per share. The ex-dividend date was Monday, August 5th. This represents a $0.24 dividend on an annualized basis and a yield of 2.27%. Select Water Solutions’s payout ratio is presently 36.92%.

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.