Ritholtz Wealth Management Sells 49,405 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Ritholtz Wealth Management trimmed its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 35.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,022 shares of the company's stock after selling 49,405 shares during the period. Ritholtz Wealth Management owned approximately 0.07% of Select Water Solutions worth $935,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WTTR. Savant Capital LLC lifted its stake in shares of Select Water Solutions by 11.6% in the fourth quarter. Savant Capital LLC now owns 20,672 shares of the company's stock valued at $274,000 after buying an additional 2,143 shares during the period. Principal Financial Group Inc. lifted its stake in Select Water Solutions by 7.9% during the fourth quarter. Principal Financial Group Inc. now owns 46,781 shares of the company's stock worth $619,000 after purchasing an additional 3,412 shares during the period. Truist Financial Corp bought a new position in Select Water Solutions during the fourth quarter worth about $134,000. New York State Common Retirement Fund lifted its stake in Select Water Solutions by 277.8% during the fourth quarter. New York State Common Retirement Fund now owns 421,754 shares of the company's stock worth $5,584,000 after purchasing an additional 310,125 shares during the period. Finally, Ieq Capital LLC bought a new position in Select Water Solutions during the fourth quarter worth about $188,000. Institutional investors own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James Financial lowered their price target 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. Citigroup lowered their price target 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.

Select Water Solutions Trading Down 0.4%

Shares of WTTR stock traded down $0.04 on Thursday, hitting $9.28. The stock had a trading volume of 628,690 shares, compared to its average volume of 1,077,097. Select Water Solutions, Inc. has a twelve month low of $7.20 and a twelve month high of $15.14. The firm has a market cap of $1.12 billion, a P/E ratio of 27.31 and a beta of 1.19. The company has a current ratio of 1.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average price of $8.53 and a two-hundred day moving average price of $10.91.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Select Water Solutions had a net margin of 2.42% and a return on equity of 3.96%. The company had revenue of $374.38 million during the quarter, compared to analyst estimates of $360.78 million. During the same quarter in the previous year, the business earned $0.04 EPS. The firm's revenue was up 2.2% on a year-over-year basis. As a group, analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were given a $0.07 dividend. 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 dividend payout ratio is currently 82.35%.

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.