Corient Private Wealth LLC Buys 200,558 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Corient Private Wealth LLC lifted its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 764.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 226,801 shares of the company's stock after acquiring an additional 200,558 shares during the period. Corient Private Wealth LLC owned approximately 0.19% of Select Water Solutions worth $3,003,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake in shares of Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after acquiring an additional 1,007 shares in the last quarter. Amundi boosted its holdings in Select Water Solutions by 83.8% during the fourth quarter. Amundi now owns 9,010 shares of the company's stock worth $119,000 after purchasing an additional 4,109 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Select Water Solutions in the 3rd quarter valued at about $107,000. Atria Investments Inc purchased a new stake in Select Water Solutions in the 4th quarter valued at about $134,000. Finally, Truist Financial Corp purchased a new position in shares of Select Water Solutions in the 4th quarter worth approximately $134,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Insider Activity at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the transaction, the chief executive officer now owns 2,898,578 shares of the company's stock, valued at $38,145,286.48. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.40% of the stock is currently owned by company insiders.

Select Water Solutions Stock Performance

WTTR stock traded down $0.31 during mid-day trading on Wednesday, hitting $10.61. The company had a trading volume of 992,089 shares, compared to its average volume of 1,004,322. 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 firm has a market cap of $1.27 billion, a PE ratio of 35.35 and a beta of 1.77. Select Water Solutions, Inc. has a 12 month low of $8.60 and a 12 month high of $15.14. The stock's fifty day moving average price is $12.06 and its two-hundred day moving average price is $12.37.

Select Water Solutions (NYSE:WTTR - Get Free Report) 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). 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 the consensus estimate of $333.62 million. On average, analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.64%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's dividend payout ratio (DPR) is currently 93.33%.

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.