American Century Companies Inc. Increases Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

American Century Companies Inc. increased its position in Select Water Solutions, Inc. (NYSE:WTTR) by 12.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,174,675 shares of the company’s stock after acquiring an additional 355,271 shares during the quarter. American Century Companies Inc.’s holdings in Select Water Solutions were worth $42,033,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Select Water Solutions by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock valued at $23,683,000 after purchasing an additional 155,091 shares during the period. Barclays PLC boosted its stake in Select Water Solutions by 319.3% during the third quarter. Barclays PLC now owns 140,648 shares of the company’s stock valued at $1,565,000 after buying an additional 107,107 shares during the period. Principal Financial Group Inc. purchased a new position in Select Water Solutions during the third quarter worth about $483,000. Oppenheimer & Co. Inc. bought a new position in Select Water Solutions in the 4th quarter worth about $203,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Select Water Solutions in the 4th quarter valued at about $342,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analysts Set New Price Targets

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

Select Water Solutions Stock Performance

Select Water Solutions stock opened at $10.68 on Friday. Select Water Solutions, Inc. has a fifty-two week low of $8.60 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 1.65. The stock has a market cap of $1.27 billion, a P/E ratio of 35.59 and a beta of 1.77. The firm’s fifty day moving average price is $11.91 and its 200-day moving average price is $12.35.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The firm had revenue of $349.05 million for the quarter, compared to analysts’ expectations of $333.62 million. On average, equities research analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.62%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio is currently 93.33%.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the sale, the chief executive officer now directly owns 2,898,578 shares of the company’s stock, valued at $38,145,286.48. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.40% of the company’s stock.

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.