Jefferies Financial Group Inc. Buys Shares of 65,722 Select Water Solutions, Inc. (NYSE:WTTR)

Key Points

• Jefferies Financial Group Inc. has acquired a new stake in Select Water Solutions, purchasing 65,722 shares valued at approximately $690,000.
• Analysts have set a consensus target price of $14.88 for Select Water Solutions, with ratings ranging from "buy" to "strong buy" from several firms.
• Select Water Solutions recently declared a quarterly dividend of $0.07 per share, representing an annualized yield of 3.1%.

Jefferies Financial Group Inc. acquired a new stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 65,722 shares of the company's stock, valued at approximately $690,000. Jefferies Financial Group Inc. owned about 0.06% of Select Water Solutions at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WTTR. Tower Research Capital LLC TRC boosted its position in Select Water Solutions by 128.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock valued at $36,000 after buying an additional 1,525 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in Select Water Solutions in the 1st quarter valued at about $113,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Select Water Solutions during the first quarter worth about $123,000. Summit Investment Advisors Inc. lifted its position in shares of Select Water Solutions by 13.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock worth $126,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Select Water Solutions during the fourth quarter worth about $134,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on WTTR. Raymond James Financial reduced their price target 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. Piper Sandler began coverage on shares of Select Water Solutions in a research report on Tuesday, July 15th. They set an "overweight" rating and a $15.00 price target on the stock. Finally, Citigroup reduced their price target on shares of Select Water Solutions from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Select Water Solutions presently has an average rating of "Buy" and a consensus price target of $14.88.

Select Water Solutions Stock Performance

NYSE WTTR traded down $0.11 during trading hours on Friday, reaching $8.37. The company's stock had a trading volume of 966,011 shares, compared to its average volume of 992,856. The business has a 50-day simple moving average of $9.14 and a 200 day simple moving average of $9.80. Select Water Solutions, Inc. has a 52 week low of $7.20 and a 52 week high of $15.14. The stock has a market cap of $1.01 billion, a PE ratio of 27.00 and a beta of 1.26. The company has a current ratio of 2.01, a quick ratio of 1.67 and a debt-to-equity ratio of 0.29.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). The company had revenue of $364.22 million for 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%. Select Water Solutions's revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS. Equities research analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.3%. Select Water Solutions's dividend payout ratio (DPR) is 90.32%.

Select Water Solutions Company 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.