SG Americas Securities LLC Makes New Investment in Select Water Solutions, Inc. (NYSE:WTTR)

SG Americas Securities LLC purchased a new stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,202 shares of the company's stock, valued at approximately $360,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in Select Water Solutions by 51.9% during the third quarter. FMR LLC now owns 3,728,787 shares of the company's stock worth $41,501,000 after buying an additional 1,274,600 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Select Water Solutions by 148.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company's stock worth $12,478,000 after acquiring an additional 669,301 shares during the period. JPMorgan Chase & Co. boosted its position 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 valued at $14,981,000 after acquiring an additional 329,353 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in Select Water Solutions by 82.7% in the third quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company's stock valued at $7,007,000 after acquiring an additional 284,891 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Select Water Solutions by 46.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 558,530 shares of the company's stock worth $6,216,000 after purchasing an additional 177,900 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Citigroup increased 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.

Select Water Solutions Price Performance

Shares of NYSE:WTTR traded down $0.03 on Friday, hitting $12.77. The stock had a trading volume of 951,110 shares, compared to its average volume of 834,000. Select Water Solutions, Inc. has a twelve month low of $7.47 and a twelve month high of $15.14. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 21.64 and a beta of 1.73. The firm's 50 day moving average price is $13.61 and its 200-day moving average price is $12.31. 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 (NYSE:WTTR - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $371.35 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, equities research analysts predict that Select Water Solutions, Inc. will post 0.39 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.19%. Select Water Solutions's dividend payout ratio (DPR) is presently 47.46%.

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.