Entropy Technologies LP Makes New $140,000 Investment in Select Water Solutions, Inc. (NYSE:WTTR)

Entropy Technologies LP bought a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,592 shares of the company’s stock, valued at approximately $140,000.

A number of other large investors also recently modified their holdings of the business. Caxton Associates LP acquired a new position in Select Water Solutions in the first quarter valued at approximately $495,000. Vanguard Group Inc. lifted its stake in Select Water Solutions by 3.5% in the first quarter. Vanguard Group Inc. now owns 5,619,256 shares of the company’s stock valued at $51,866,000 after buying an additional 188,347 shares during the last quarter. Acadian Asset Management LLC bought a new position in Select Water Solutions in the 2nd quarter worth about $635,000. Harbor Capital Advisors Inc. grew its holdings 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 worth $12,478,000 after buying an additional 669,301 shares in the last quarter. Finally, Quadrature Capital Ltd increased its position in Select Water Solutions by 277.6% in the 1st quarter. Quadrature Capital Ltd now owns 77,557 shares of the company’s stock valued at $716,000 after acquiring an additional 57,017 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Select Water Solutions Stock Performance

WTTR stock opened at $13.43 on Monday. The stock has a market cap of $1.60 billion, a P/E ratio of 22.76 and a beta of 1.67. 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 firm has a 50 day simple moving average of $11.45 and a 200 day simple moving average of $10.93. Select Water Solutions, Inc. has a 52 week low of $6.99 and a 52 week high of $14.48.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $352.98 million. During the same period in the previous year, the company posted $0.14 EPS. Select Water Solutions’s revenue was down 4.6% on a year-over-year basis. Research 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 company also recently declared 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. The ex-dividend date of this dividend was Tuesday, November 5th. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.08%. Select Water Solutions’s dividend payout ratio (DPR) is 47.46%.

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.