BNP Paribas Financial Markets Sells 20,851 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

BNP Paribas Financial Markets lowered its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 33.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 41,611 shares of the company’s stock after selling 20,851 shares during the period. BNP Paribas Financial Markets’ holdings in Select Water Solutions were worth $463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. bought a new position in Select Water Solutions in the third quarter valued at about $483,000. Foundry Partners LLC grew its holdings in shares of Select Water Solutions by 29.8% during the 3rd 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 during the last quarter. Acadian Asset Management LLC acquired a new position in Select Water Solutions during the 2nd quarter worth approximately $635,000. Harbor Capital Advisors Inc. lifted its stake in Select Water Solutions by 148.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock valued at $12,478,000 after purchasing an additional 669,301 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Select Water Solutions by 87.3% in the second quarter. American Century Companies Inc. now owns 1,910,065 shares of the company’s stock valued at $20,438,000 after buying an additional 890,470 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Price Performance

WTTR stock opened at $13.76 on Friday. 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 52-week low of $6.99 and a 52-week high of $15.14. The company has a market capitalization of $1.64 billion, a P/E ratio of 23.31 and a beta of 1.76. The company has a fifty day moving average price of $12.82 and a 200-day moving average price of $11.55.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. As a group, equities analysts expect that Select Water Solutions, Inc. will post 0.4 EPS for the current year.

Select Water Solutions Increases Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. Select Water Solutions’s payout ratio is 47.46%.

Analyst Upgrades and Downgrades

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

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.