BCO Wealth Management LLC Invests $351,000 in Select Water Solutions, Inc. (NYSE:WTTR)

BCO Wealth Management LLC acquired a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,519 shares of the company's stock, valued at approximately $351,000. Select Water Solutions makes up 0.3% of BCO Wealth Management LLC's portfolio, making the stock its 24th biggest position.

Several other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in Select Water Solutions in the third quarter worth about $259,000. The Manufacturers Life Insurance Company raised its holdings in shares of Select Water Solutions by 42.3% in the third quarter. The Manufacturers Life Insurance Company now owns 49,676 shares of the company's stock worth $553,000 after buying an additional 14,777 shares during the last quarter. FMR LLC lifted its stake in shares of Select Water Solutions by 51.9% during the third quarter. FMR LLC now owns 3,728,787 shares of the company's stock worth $41,501,000 after buying an additional 1,274,600 shares during the period. CreativeOne Wealth LLC acquired a new stake in Select Water Solutions during the 3rd quarter worth about $133,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Select Water Solutions during the third quarter worth about $107,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction 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 accessible through this hyperlink. 8.40% of the stock is currently owned by insiders.

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Select Water Solutions Stock Performance

Select Water Solutions stock traded up $0.09 during mid-day trading on Monday, hitting $10.49. The company had a trading volume of 183,876 shares, compared to its average volume of 1,051,442. 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 company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 35.00 and a beta of 1.77. The company's fifty day moving average is $11.84 and its 200-day moving average is $12.37. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). The firm had revenue of $349.05 million for 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 research analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 annualized dividend and a dividend yield of 2.67%. Select Water Solutions's dividend payout ratio is presently 93.33%.

Analyst Upgrades and Downgrades

Separately, Citigroup increased 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 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.