Teacher Retirement System of Texas Lowers Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Teacher Retirement System of Texas cut its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 57.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,579 shares of the company's stock after selling 42,770 shares during the quarter. Teacher Retirement System of Texas' holdings in Select Water Solutions were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners grew its position in shares of Select Water Solutions by 4.3% in the 4th quarter. Boston Partners now owns 2,000,352 shares of the company's stock worth $26,647,000 after buying an additional 81,746 shares during the period. Corient Private Wealth LLC boosted its stake in Select Water Solutions by 764.2% during the fourth quarter. Corient Private Wealth LLC now owns 226,801 shares of the company's stock worth $3,003,000 after acquiring an additional 200,558 shares in the last quarter. Royce & Associates LP grew its holdings in Select Water Solutions by 3.9% in the fourth quarter. Royce & Associates LP now owns 1,748,011 shares of the company's stock worth $23,144,000 after purchasing an additional 65,598 shares during the period. Alpine Woods Capital Investors LLC increased its stake in shares of Select Water Solutions by 20.0% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 120,000 shares of the company's stock valued at $1,589,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Select Water Solutions by 0.8% during the fourth quarter. Swiss National Bank now owns 181,900 shares of the company's stock valued at $2,408,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 81.73% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Select Water Solutions Stock Down 8.6 %

Shares of NYSE WTTR traded down $0.82 during midday trading on Friday, hitting $8.72. The stock had a trading volume of 2,186,121 shares, compared to its average volume of 1,065,515. The business's 50 day moving average is $11.45 and its 200-day moving average is $12.33. Select Water Solutions, Inc. has a 52 week low of $8.50 and a 52 week high of $15.14. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.04 billion, a P/E ratio of 29.05 and a beta of 1.51.

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 the consensus estimate of $0.13 by ($0.14). The business had revenue of $349.05 million for the quarter, compared to analysts' expectations of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. As a group, analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's dividend payout ratio (DPR) is 93.33%.

Insider Buying and Selling at Select Water Solutions

In other news, CEO John Schmitz sold 26,550 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the transaction, the chief executive officer now directly owns 2,898,578 shares of the company's stock, valued at $38,145,286.48. This represents a 0.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company 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.