Select Water Solutions, Inc. (NYSE:WTTR) Shares Purchased by Royce & Associates LP

Key Points

• Royce & Associates LP has increased its stake in Select Water Solutions, Inc. by 2.1%, now owning approximately 1.50% of the company valued at $18.73 million.
• Select Water Solutions announced a $0.07 quarterly dividend, with a dividend yield of 2.88%, which will be paid on August 15th.
• The stock price for WTTR recently fell by 1.6% to $9.72, with a market cap of $1.17 billion and a 52-week trading range between $7.20 and $15.14.

Royce & Associates LP increased its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,784,043 shares of the company's stock after acquiring an additional 36,032 shares during the period. Royce & Associates LP owned approximately 1.50% of Select Water Solutions worth $18,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WTTR. Lane Generational LLC boosted its holdings in shares of Select Water Solutions by 22.4% in the first quarter. Lane Generational LLC now owns 385,383 shares of the company's stock valued at $4,047,000 after purchasing an additional 70,454 shares during the period. Pier 88 Investment Partners LLC boosted its holdings in shares of Select Water Solutions by 142.8% in the first quarter. Pier 88 Investment Partners LLC now owns 112,850 shares of the company's stock valued at $1,185,000 after purchasing an additional 66,380 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of Select Water Solutions by 33.5% in the first quarter. Y Intercept Hong Kong Ltd now owns 34,458 shares of the company's stock valued at $362,000 after purchasing an additional 8,643 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Select Water Solutions by 20.3% in the first quarter. Segall Bryant & Hamill LLC now owns 485,711 shares of the company's stock valued at $5,100,000 after purchasing an additional 81,898 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Select Water Solutions by 6.2% in the first quarter. Victory Capital Management Inc. now owns 3,953,648 shares of the company's stock valued at $41,513,000 after purchasing an additional 229,736 shares during the period. Hedge funds and other institutional investors own 81.73% of the company's stock.

Select Water Solutions Stock Down 1.6%

Shares of WTTR stock traded down $0.16 during trading hours on Friday, reaching $9.72. 438,179 shares of the company's stock were exchanged, compared to its average volume of 1,196,391. The stock's 50 day moving average is $8.95 and its 200-day moving average is $10.14. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 28.57 and a beta of 1.20. The company has a current ratio of 1.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. Select Water Solutions, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $15.14.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The business had revenue of $374.38 million for the quarter, compared to the consensus estimate of $360.78 million. Select Water Solutions had a return on equity of 3.96% and a net margin of 2.42%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 earnings per share. 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 company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Tuesday, August 5th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Tuesday, August 5th. Select Water Solutions's payout ratio is 82.35%.

Analyst Ratings Changes

WTTR has been the subject of a number of analyst reports. Raymond James Financial lowered their target price on 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. Piper Sandler initiated coverage on Select Water Solutions in a report on Tuesday, July 15th. They set an "overweight" rating and a $15.00 target price for the company. Finally, Citigroup lowered their target price on Select Water Solutions from $18.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Select Water Solutions currently has an average rating of "Buy" and an average price target of $14.88.

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.