New York State Common Retirement Fund Boosts Position in Select Water Solutions, Inc. (NYSE:WTTR)

New York State Common Retirement Fund boosted its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 277.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 421,754 shares of the company's stock after purchasing an additional 310,125 shares during the quarter. New York State Common Retirement Fund owned approximately 0.35% of Select Water Solutions worth $5,584,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WTTR. Truist Financial Corp bought a new position in Select Water Solutions in the 4th quarter valued at approximately $134,000. Principal Financial Group Inc. grew its holdings in Select Water Solutions by 7.9% during the fourth quarter. Principal Financial Group Inc. now owns 46,781 shares of the company's stock valued at $619,000 after purchasing an additional 3,412 shares during the period. James Investment Research Inc. bought a new stake in shares of Select Water Solutions during the 4th quarter valued at $137,000. Stanley Laman Group Ltd. grew its position in shares of Select Water Solutions by 1.6% during the fourth quarter. Stanley Laman Group Ltd. now owns 345,678 shares of the company's stock worth $4,577,000 after purchasing an additional 5,296 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Select Water Solutions by 27.4% in the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock worth $26,456,000 after buying an additional 430,363 shares in the last quarter. Institutional investors own 81.73% of the company's stock.

Select Water Solutions Trading Down 5.4 %

Shares of WTTR traded down $0.66 during mid-day trading on Monday, reaching $11.47. 764,809 shares of the company's stock traded hands, compared to its average volume of 934,745. The stock's 50-day moving average is $13.15 and its two-hundred day moving average is $12.48. Select Water Solutions, Inc. has a 12 month low of $8.12 and a 12 month high of $15.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. The stock has a market cap of $1.37 billion, a P/E ratio of 38.21 and a beta of 1.73.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $333.62 million. Research analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.44%. Select Water Solutions's dividend payout ratio is presently 93.33%.

Analysts Set New Price Targets

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

Insider Activity

In related 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 transaction of $349,398.00. Following the completion of the transaction, the chief executive officer now owns 2,898,578 shares in the company, valued at $38,145,286.48. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 8.40% of the company's stock.

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.