Segall Bryant & Hamill LLC Takes $5.35 Million Position in Select Water Solutions, Inc. (NYSE:WTTR)

Segall Bryant & Hamill LLC bought a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 403,813 shares of the company's stock, valued at approximately $5,346,000. Segall Bryant & Hamill LLC owned approximately 0.34% of Select Water Solutions at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its holdings in 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 purchasing an additional 1,007 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in shares of Select Water Solutions by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company's stock valued at $680,000 after buying an additional 1,073 shares during the period. Inspire Advisors LLC raised its holdings in Select Water Solutions by 6.2% in the 4th quarter. Inspire Advisors LLC now owns 20,751 shares of the company's stock valued at $275,000 after buying an additional 1,216 shares during the last quarter. Swiss National Bank raised its holdings in Select Water Solutions by 0.8% in the 4th quarter. Swiss National Bank now owns 181,900 shares of the company's stock valued at $2,408,000 after buying an additional 1,400 shares during the last quarter. Finally, Lane Generational LLC grew its holdings in Select Water Solutions by 0.5% during the 4th quarter. Lane Generational LLC now owns 314,929 shares of the company's stock worth $4,170,000 after acquiring an additional 1,638 shares during the last quarter. Institutional investors own 81.73% of the company's stock.

Select Water Solutions Trading Up 0.5 %

Shares of WTTR stock traded up $0.06 on Tuesday, hitting $10.56. The company had a trading volume of 894,149 shares, compared to its average volume of 1,055,209. Select Water Solutions, Inc. has a twelve month low of $8.60 and a twelve month high of $15.14. 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 $1.26 billion, a P/E ratio of 35.18 and a beta of 1.77. The stock's 50-day moving average is $11.70 and its two-hundred day moving average is $12.37.

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 for the quarter, missing analysts' consensus estimates of $0.13 by ($0.14). The firm had revenue of $349.05 million for the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. On average, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a $0.07 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.65%. Select Water Solutions's payout ratio is 93.33%.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the transaction, the chief executive officer now directly owns 2,825,128 shares of the company's stock, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.40% of the company's stock.

Wall Street Analyst Weigh In

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

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.