Jump Financial LLC Takes Position in Select Water Solutions, Inc. $WTTR

Key Points

• Jump Financial LLC acquired a stake of 154,349 shares in Select Water Solutions, Inc. ($WTTR), valued at approximately $1.62 million, during the first quarter.
• Select Water Solutions has received mixed analyst ratings, with Piper Sandler giving it an "overweight" rating and a target price of $15, while other firms adjusted lower targets between $14 and $16.
• The company reported a quarterly earnings miss, posting $0.10 earnings per share against a consensus estimate of $0.13, while its revenue showed a slight decline of 0.3% year-over-year.

Jump Financial LLC acquired a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 154,349 shares of the company's stock, valued at approximately $1,621,000. Jump Financial LLC owned approximately 0.13% of Select Water Solutions at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Select Water Solutions by 28.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 773,530 shares of the company's stock worth $8,122,000 after buying an additional 172,600 shares during the period. AlphaQuest LLC boosted its holdings in shares of Select Water Solutions by 9,872.3% in the first quarter. AlphaQuest LLC now owns 37,097 shares of the company's stock worth $390,000 after buying an additional 36,725 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Select Water Solutions in the first quarter worth about $436,000. Quantbot Technologies LP acquired a new position in shares of Select Water Solutions in the first quarter worth about $1,748,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Select Water Solutions by 7.8% in the first quarter. Wellington Management Group LLP now owns 4,070,293 shares of the company's stock worth $42,738,000 after buying an additional 293,784 shares during the period. Institutional investors own 81.73% of the company's stock.

Wall Street Analyst Weigh In

WTTR has been the subject of several recent analyst reports. Piper Sandler initiated coverage on shares of Select Water Solutions in a report on Tuesday, July 15th. They issued an "overweight" rating and a $15.00 target price for the company. Raymond James Financial decreased 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 report on Friday, May 9th. Finally, Citigroup decreased 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 report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $15.00.

Select Water Solutions Stock Performance

Shares of WTTR opened at $8.30 on Thursday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 26.76 and a beta of 1.26. The company's fifty day moving average is $8.95 and its 200-day moving average is $9.36. 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 12 month low of $7.20 and a 12 month high of $15.14.

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

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued 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 dividend yield of 3.4%. Select Water Solutions's dividend payout ratio (DPR) is currently 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.

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