Vest Financial LLC Has $2.57 Million Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Vest Financial LLC lifted its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 48.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 193,890 shares of the company's stock after purchasing an additional 63,149 shares during the quarter. Vest Financial LLC owned 0.16% of Select Water Solutions worth $2,567,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Longboard Asset Management LP bought a new position in shares of Select Water Solutions in the 4th quarter valued at approximately $167,000. SG Americas Securities LLC acquired a new stake in Select Water Solutions in the 4th quarter valued at approximately $360,000. Ritholtz Wealth Management grew its holdings in Select Water Solutions by 24.1% in the 4th quarter. Ritholtz Wealth Management now owns 138,427 shares of the company's stock valued at $1,833,000 after buying an additional 26,912 shares during the last quarter. Kings Path Partners LLC acquired a new stake in Select Water Solutions in the 4th quarter valued at approximately $466,000. Finally, JPMorgan Chase & Co. grew its holdings 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 buying an additional 329,353 shares during the last quarter. Institutional investors own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

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

Select Water Solutions Trading Down 3.7 %

NYSE WTTR traded down $0.47 during trading hours on Wednesday, hitting $12.37. The company's stock had a trading volume of 925,542 shares, compared to its average volume of 826,491. The stock has a fifty day moving average of $13.44 and a 200 day moving average of $12.36. The firm has a market capitalization of $1.48 billion, a P/E ratio of 20.97 and a beta of 1.73. Select Water Solutions, Inc. has a twelve month low of $7.47 and a twelve month high of $15.14. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Tuesday, February 4th. Select Water Solutions's dividend payout ratio (DPR) is currently 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.