Select Water Solutions, Inc. $WTTR Shares Sold by Boston Partners

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Boston Partners lessened its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 97.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,896 shares of the company's stock after selling 1,954,456 shares during the period. Boston Partners' holdings in Select Water Solutions were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in Select Water Solutions by 128.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock worth $36,000 after purchasing an additional 1,525 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Select Water Solutions in the 1st quarter worth $113,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Select Water Solutions in the 1st quarter worth $123,000. Summit Investment Advisors Inc. lifted its stake in shares of Select Water Solutions by 13.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock worth $126,000 after acquiring an additional 1,143 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Select Water Solutions in the 4th quarter worth $134,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Price Performance

Shares of NYSE WTTR traded up $0.3960 during midday trading on Friday, hitting $8.4460. The company had a trading volume of 1,014,944 shares, compared to its average volume of 1,238,573. The company has a quick ratio of 1.82, a current ratio of 2.01 and a debt-to-equity ratio of 0.29. Select Water Solutions, Inc. has a twelve month low of $7.20 and a twelve month high of $15.14. The business has a 50-day simple moving average of $9.02 and a two-hundred day simple moving average of $9.49. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 27.25 and a beta of 1.26.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). Select Water Solutions had a net margin of 2.26% and a return on equity of 3.69%. The company had revenue of $364.22 million during the quarter, compared to analyst estimates of $362.93 million. During the same quarter last year, the business earned $0.13 EPS. The firm's revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, August 5th. This represents a $0.28 dividend on an annualized basis and a yield of 3.3%. Select Water Solutions's payout ratio is presently 90.32%.

Analysts Set New Price Targets

Several analysts have recently commented on WTTR shares. Raymond James Financial reduced their target price on shares of Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th. Citigroup reduced their target price on shares of Select Water Solutions from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Piper Sandler started coverage on shares of Select Water Solutions in a research note on Tuesday, July 15th. They issued an "overweight" rating and a $15.00 target price for the company. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $15.00.

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.