Parkside Financial Bank & Trust Grows Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Parkside Financial Bank & Trust boosted its position in Select Water Solutions, Inc. (NYSE:WTTR) by 24.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,044 shares of the company’s stock after buying an additional 1,007 shares during the period. Parkside Financial Bank & Trust’s holdings in Select Water Solutions were worth $67,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. New York State Teachers Retirement System increased its position in Select Water Solutions by 13.8% during the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after buying an additional 1,010 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in Select Water Solutions during the third quarter worth $107,000. Creative Planning purchased a new position in Select Water Solutions during the third quarter worth $112,000. Truist Financial Corp purchased a new position in Select Water Solutions during the fourth quarter worth $134,000. Finally, James Investment Research Inc. purchased a new position in Select Water Solutions during the fourth quarter worth $137,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Price Performance

WTTR stock opened at $12.12 on Monday. Select Water Solutions, Inc. has a 52-week low of $8.12 and a 52-week high of $15.14. The stock’s fifty day simple moving average is $13.15 and its 200-day simple moving average is $12.48. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 40.38 and a beta of 1.73.

Select Water Solutions (NYSE:WTTR) last issued its 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 during the quarter, compared to analyst estimates of $333.62 million. Equities research analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s payout ratio is currently 93.33%.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the transaction, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at $36,811,417.84. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.