Bailard Inc. Lowers Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

Bailard Inc. lessened its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 29.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,700 shares of the company’s stock after selling 7,500 shares during the quarter. Bailard Inc.’s holdings in Select Water Solutions were worth $234,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Creative Planning purchased a new position in shares of Select Water Solutions in the 3rd quarter worth about $112,000. New York State Teachers Retirement System grew 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 valued at $93,000 after acquiring an additional 1,010 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Select Water Solutions during the third quarter worth approximately $483,000. Verity Asset Management Inc. bought a new stake in shares of Select Water Solutions in the 3rd quarter worth approximately $228,000. Finally, Entropy Technologies LP purchased a new stake in shares of Select Water Solutions in the 3rd quarter valued at $140,000. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the sale, the chief executive officer now owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Citigroup lifted their target price on shares of 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 Stock Performance

Shares of WTTR stock opened at $10.62 on Thursday. The company has a market capitalization of $1.27 billion, a P/E ratio of 35.38 and a beta of 1.77. Select Water Solutions, Inc. has a fifty-two week low of $8.20 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 50 day moving average price of $13.09 and a two-hundred day moving average price of $12.49.

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

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.64%. Select Water Solutions’s dividend payout ratio is currently 93.33%.

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.