CenterBook Partners LP Trims Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

CenterBook Partners LP decreased its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 42.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 540,856 shares of the company's stock after selling 393,037 shares during the quarter. CenterBook Partners LP owned about 0.45% of Select Water Solutions worth $7,161,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its stake in Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock valued at $67,000 after purchasing an additional 1,007 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of Select Water Solutions by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company's stock worth $680,000 after acquiring an additional 1,073 shares in the last quarter. Inspire Advisors LLC raised its holdings in shares of Select Water Solutions by 6.2% in the 4th quarter. Inspire Advisors LLC now owns 20,751 shares of the company's stock worth $275,000 after acquiring an additional 1,216 shares during the last quarter. Swiss National Bank lifted its position in Select Water Solutions by 0.8% in the 4th quarter. Swiss National Bank now owns 181,900 shares of the company's stock valued at $2,408,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Lane Generational LLC boosted its stake in Select Water Solutions by 0.5% during the 4th quarter. Lane Generational LLC now owns 314,929 shares of the company's stock valued at $4,170,000 after purchasing an additional 1,638 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO John Schmitz sold 73,450 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Select Water Solutions Stock Down 0.1 %

WTTR traded down $0.01 during mid-day trading on Monday, reaching $8.06. 529,357 shares of the stock were exchanged, compared to its average volume of 1,093,183. Select Water Solutions, Inc. has a 1 year low of $7.58 and a 1 year 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 market capitalization of $961.46 million, a PE ratio of 26.87 and a beta of 1.51. The company has a 50 day moving average price of $10.77 and a two-hundred day moving average price of $12.18.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $349.05 million for the quarter, compared to analysts' expectations of $333.62 million. As a group, research analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The firm 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 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions's dividend payout ratio is presently 93.33%.

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.