Icon Wealth Advisors LLC Increases Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Icon Wealth Advisors LLC lifted its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 82.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 629,569 shares of the company's stock after buying an additional 284,891 shares during the quarter. Icon Wealth Advisors LLC owned approximately 0.53% of Select Water Solutions worth $7,007,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WTTR. GAMMA Investing LLC increased its stake in Select Water Solutions by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,008 shares of the company's stock worth $32,000 after buying an additional 1,096 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Select Water Solutions during the second quarter worth approximately $34,000. CWM LLC raised its stake in Select Water Solutions by 55.2% in the 2nd quarter. CWM LLC now owns 4,204 shares of the company's stock valued at $45,000 after purchasing an additional 1,496 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Select Water Solutions by 13.8% in the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company's stock valued at $93,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Select Water Solutions during the 3rd quarter worth $107,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Select Water Solutions Trading Up 0.7 %

Shares of NYSE WTTR traded up $0.11 during trading on Friday, hitting $14.78. 328,534 shares of the company were exchanged, compared to its average volume of 1,023,883. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78. Select Water Solutions, Inc. has a 12-month low of $6.99 and a 12-month high of $14.87. The company has a fifty day moving average price of $12.11 and a 200-day moving average price of $11.23. The firm has a market capitalization of $1.76 billion, a PE ratio of 24.86 and a beta of 1.67.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. Select Water Solutions's revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. As a group, equities research analysts expect that Select Water Solutions, Inc. will post 0.4 EPS for the current year.

Select Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.07 per share. This is a boost from Select Water Solutions's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. This represents a $0.28 annualized dividend and a yield of 1.89%. Select Water Solutions's dividend payout ratio (DPR) is 47.46%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WTTR shares. Northland Securities upgraded shares of Select Water Solutions from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $11.50 to $14.50 in a research report on Thursday, August 22nd. Northland Capmk upgraded Select Water Solutions from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 22nd.

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.