Millennium Management LLC Invests $2.28 Million in Select Water Solutions, Inc. (NYSE:WTTR)

Millennium Management LLC purchased a new position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 171,988 shares of the company's stock, valued at approximately $2,277,000. Millennium Management LLC owned approximately 0.14% of Select Water Solutions at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its stake in Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after acquiring an additional 1,007 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in 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 last quarter. Inspire Advisors LLC increased its stake in Select Water Solutions by 6.2% in the 4th quarter. Inspire Advisors LLC now owns 20,751 shares of the company's stock worth $275,000 after acquiring an additional 1,216 shares during the last quarter. Swiss National Bank increased its stake in Select Water Solutions by 0.8% in the 4th quarter. Swiss National Bank now owns 181,900 shares of the company's stock worth $2,408,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake 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 worth $36,000 after acquiring an additional 1,525 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Trading Up 1.8%

WTTR traded up $0.15 during trading hours on Thursday, reaching $8.60. 777,396 shares of the company's stock traded hands, compared to its average volume of 1,076,271. The firm has a 50-day moving average price of $8.48 and a 200 day moving average price of $11.28. Select Water Solutions, Inc. has a 52-week low of $7.20 and a 52-week high of $15.14. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.03 billion, a PE ratio of 28.67 and a beta of 1.28.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The company had revenue of $374.38 million during the quarter, compared to analysts' expectations of $360.78 million. During the same quarter in the previous year, the business earned $0.04 EPS. Select Water Solutions's revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Tuesday, May 6th. Select Water Solutions's payout ratio is currently 82.35%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WTTR. Citigroup cut their target price on 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. Raymond James cut their target price on 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.

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.