Franklin Resources Inc. Has $3.18 Million Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Franklin Resources Inc. lowered its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 14.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 276,639 shares of the company’s stock after selling 48,265 shares during the quarter. Franklin Resources Inc. owned 0.23% of Select Water Solutions worth $3,176,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. bought a new stake in Select Water Solutions in the 3rd quarter valued at $483,000. Foundry Partners LLC lifted its holdings in shares of Select Water Solutions by 29.8% in the third quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock valued at $6,931,000 after purchasing an additional 142,919 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Select Water Solutions in the second quarter valued at about $635,000. Harbor Capital Advisors Inc. boosted its position in shares of Select Water Solutions by 148.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock worth $12,478,000 after buying an additional 669,301 shares during the period. Finally, American Century Companies Inc. grew 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 buying an additional 890,470 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Trading Up 1.0 %

NYSE WTTR opened at $12.80 on Thursday. Select Water Solutions, Inc. has a 52 week low of $6.99 and a 52 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’s 50 day moving average price is $13.07 and its two-hundred day moving average price is $11.69. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 21.69 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 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The business had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, analysts anticipate that Select Water Solutions, Inc. will post 0.4 earnings per share for the current fiscal year.

Select Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. Select Water Solutions’s dividend payout ratio is currently 47.46%.

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.