Raymond James Financial Inc. Acquires New Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Raymond James Financial Inc. acquired a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 192,006 shares of the company's stock, valued at approximately $2,542,000. Raymond James Financial Inc. owned approximately 0.16% of Select Water Solutions as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WTTR. FMR LLC lifted its stake in shares of Select Water Solutions by 51.9% in the 3rd quarter. FMR LLC now owns 3,728,787 shares of the company's stock valued at $41,501,000 after purchasing an additional 1,274,600 shares during the last quarter. Van ECK Associates Corp lifted its position 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 during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Select Water Solutions by 32.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company's stock worth $14,981,000 after acquiring an additional 329,353 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Select Water Solutions by 277.8% during the 4th quarter. New York State Common Retirement Fund now owns 421,754 shares of the company's stock worth $5,584,000 after acquiring an additional 310,125 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Select Water Solutions by 46.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 558,530 shares of the company's stock valued at $6,216,000 after acquiring an additional 177,900 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Stock Performance

WTTR traded up $0.24 during trading on Wednesday, hitting $10.83. The stock had a trading volume of 1,073,520 shares, compared to its average volume of 1,056,422. The firm has a market cap of $1.29 billion, a PE ratio of 36.10 and a beta of 1.77. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 12 month low of $8.60 and a 12 month high of $15.14. The company has a 50 day simple moving average of $11.64 and a 200-day simple moving average of $12.36.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $349.05 million during the quarter, compared to the consensus estimate of $333.62 million. Analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions's dividend payout ratio is currently 93.33%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Select Water Solutions

In other news, CEO John Schmitz sold 73,450 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the sale, the chief executive officer now owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.40% of the company's stock.

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.