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

Key Points

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Boston Partners lessened its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 97.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Select Water Solutions by 128.6% during the fourth 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 purchased a new position in shares of Select Water Solutions during the first quarter worth $113,000. Cambridge Investment Research Advisors Inc. purchased a new position in Select Water Solutions in the first quarter valued at $123,000. Summit Investment Advisors Inc. increased its holdings in Select Water Solutions by 13.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock valued at $126,000 after buying an additional 1,143 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in Select Water Solutions in the fourth quarter valued at $134,000. Hedge funds and other institutional investors own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

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

Select Water Solutions Price Performance

Shares of NYSE WTTR traded up $0.3960 during trading on Friday, hitting $8.4460. The company had a trading volume of 1,014,944 shares, compared to its average volume of 1,060,533. The stock has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $9.40. Select Water Solutions, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $15.14. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 27.25 and a beta of 1.26. 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 (NYSE:WTTR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $364.22 million during the quarter, compared to analyst estimates of $362.93 million. Select Water Solutions had a net margin of 2.26% and a return on equity of 3.69%. The firm's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. On average, research analysts expect 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 declared a quarterly dividend, which was paid on Friday, August 15th. Investors 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%.

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.