North Star Investment Management Corp. Grows Position in Select Water Solutions, Inc. (NYSE:WTTR)

North Star Investment Management Corp. grew its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 37.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,000 shares of the company's stock after purchasing an additional 45,000 shares during the quarter. North Star Investment Management Corp. owned approximately 0.14% of Select Water Solutions worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WTTR. First Trust Advisors LP raised its position in shares of Select Water Solutions by 21.9% during the fourth quarter. First Trust Advisors LP now owns 6,828,596 shares of the company's stock valued at $90,411,000 after buying an additional 1,226,061 shares during the last quarter. American Century Companies Inc. grew its stake in Select Water Solutions by 12.6% during the fourth quarter. American Century Companies Inc. now owns 3,174,675 shares of the company's stock valued at $42,033,000 after acquiring an additional 355,271 shares in the last quarter. Webs Creek Capital Management LP grew its stake in Select Water Solutions by 5.4% during the fourth quarter. Webs Creek Capital Management LP now owns 2,354,742 shares of the company's stock valued at $31,177,000 after acquiring an additional 120,966 shares in the last quarter. Boston Partners increased its holdings in Select Water Solutions by 4.3% in the 4th quarter. Boston Partners now owns 2,000,352 shares of the company's stock valued at $26,647,000 after acquiring an additional 81,746 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Select Water Solutions by 3.9% in the 4th quarter. Royce & Associates LP now owns 1,748,011 shares of the company's stock worth $23,144,000 after purchasing an additional 65,598 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Price Performance

Shares of Select Water Solutions stock traded down $0.04 during trading hours on Thursday, reaching $9.28. The company's stock had a trading volume of 628,690 shares, compared to its average volume of 1,077,097. The firm has a 50 day moving average price of $8.51 and a 200-day moving average price of $10.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.67. The stock has a market cap of $1.12 billion, a P/E ratio of 27.31 and a beta of 1.19. Select Water Solutions, Inc. has a one year low of $7.20 and a one year high of $15.14.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $374.38 million for the quarter, compared to analysts' expectations of $360.78 million. Select Water Solutions had a return on equity of 3.96% and a net margin of 2.42%. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 earnings per share. On average, analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The business also recently declared 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. The ex-dividend date was Tuesday, May 6th. This represents a $0.28 annualized dividend and a yield of 3.02%. Select Water Solutions's payout ratio is presently 82.35%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WTTR shares. Raymond James Financial decreased 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. Citigroup reduced their price objective on Select Water Solutions from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th.

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.