Select Water Solutions, Inc. (NYSE:WTTR) Stake Lowered by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC trimmed its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 11.7% during the fourth quarter, Holdings Channel reports. The firm owned 18,046 shares of the company’s stock after selling 2,393 shares during the period. Gitterman Wealth Management LLC’s holdings in Select Water Solutions were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. bought a new stake in Select Water Solutions in the third quarter valued at $483,000. Entropy Technologies LP bought a new stake in Select Water Solutions in the 3rd quarter valued at about $140,000. GSA Capital Partners LLP acquired a new position in Select Water Solutions during the 3rd quarter valued at about $220,000. Victory Capital Management Inc. grew its position in Select Water Solutions by 1.3% in the 3rd quarter. Victory Capital Management Inc. now owns 3,818,016 shares of the company’s stock worth $42,495,000 after purchasing an additional 47,511 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Select Water Solutions by 1.9% in the third quarter. Royce & Associates LP now owns 1,682,413 shares of the company’s stock valued at $18,725,000 after purchasing an additional 31,192 shares during the period. 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 research report on Friday, January 10th.

Select Water Solutions Stock Performance

WTTR stock opened at $9.64 on Friday. The company has a 50-day simple moving average of $12.55 and a 200 day simple moving average of $12.41. The company has a market capitalization of $1.15 billion, a P/E ratio of 32.12 and a beta of 1.77. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $15.14.

Select Water Solutions (NYSE:WTTR) last issued 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 return on equity of 3.48% and a net margin of 2.11%. The company had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is presently 93.33%.

Insider Transactions at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the sale, the chief executive officer now directly owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.