Royce & Associates LP Boosts Position in Select Water Solutions, Inc. (NYSE:WTTR)

Royce & Associates LP increased its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,748,011 shares of the company’s stock after purchasing an additional 65,598 shares during the quarter. Royce & Associates LP’s holdings in Select Water Solutions were worth $23,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WTTR. Principal Financial Group Inc. purchased a new stake in Select Water Solutions in the third quarter valued at approximately $483,000. Entropy Technologies LP purchased a new stake in Select Water Solutions in the third quarter valued at approximately $140,000. GSA Capital Partners LLP purchased a new stake in Select Water Solutions in the third quarter valued at approximately $220,000. Empowered Funds LLC lifted its stake in Select Water Solutions by 5.4% in the third quarter. Empowered Funds LLC now owns 574,381 shares of the company’s stock valued at $6,393,000 after buying an additional 29,212 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Select Water Solutions in the third quarter valued at approximately $259,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

In related news, CEO John Schmitz sold 73,450 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the transaction, the chief executive officer now owns 2,825,128 shares of the company’s stock, valued at $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Select Water Solutions Trading Up 2.8 %

NYSE:WTTR opened at $9.64 on Monday. The firm has a market cap of $1.15 billion, a P/E ratio of 32.12 and a beta of 1.77. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock’s 50 day simple moving average is $12.55 and its 200-day simple moving average is $12.42. Select Water Solutions, Inc. has a 12-month low of $8.60 and a 12-month high of $15.14.

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

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s 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.