Royce & Associates LP Purchases 65,598 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Royce & Associates LP lifted its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,748,011 shares of the company's stock after acquiring an additional 65,598 shares during the quarter. Royce & Associates LP owned approximately 1.47% of Select Water Solutions worth $23,144,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. FMR LLC boosted its stake in Select Water Solutions by 51.9% in the third quarter. FMR LLC now owns 3,728,787 shares of the company's stock worth $41,501,000 after purchasing an additional 1,274,600 shares in the last quarter. Geode Capital Management LLC lifted its position in Select Water Solutions by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company's stock worth $23,683,000 after buying an additional 155,091 shares in the last quarter. Van ECK Associates Corp grew its holdings in Select Water Solutions by 27.4% during the 4th quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock worth $26,456,000 after acquiring an additional 430,363 shares during the last quarter. JPMorgan Chase & Co. increased its position in Select Water Solutions by 32.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company's stock valued at $14,981,000 after acquiring an additional 329,353 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in Select Water Solutions by 12.3% in the 3rd quarter. Systematic Financial Management LP now owns 1,062,344 shares of the company's stock valued at $11,824,000 after acquiring an additional 116,334 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

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

Select Water Solutions Trading Down 0.2 %

Shares of WTTR stock traded down $0.03 on Thursday, reaching $10.12. 1,577,481 shares of the stock were exchanged, compared to its average volume of 963,274. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. Select Water Solutions, Inc. has a one year low of $8.60 and a one year high of $15.14. The stock has a market cap of $1.21 billion, a PE ratio of 33.72 and a beta of 1.77. The stock has a 50 day moving average price of $12.33 and a 200 day moving average price of $12.38.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.14). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The business had revenue of $349.05 million for the quarter, compared to analyst estimates of $333.62 million. Equities research analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were paid a $0.07 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a yield of 2.77%. Select Water Solutions's payout ratio is presently 93.33%.

Insiders Place Their Bets

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.40% of the company's stock.

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.