Select Water Solutions, Inc. (NYSE:WTTR) Position Increased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 20.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 485,711 shares of the company's stock after purchasing an additional 81,898 shares during the period. Segall Bryant & Hamill LLC owned about 0.41% of Select Water Solutions worth $5,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTTR. Atria Investments Inc acquired a new position in Select Water Solutions in the 4th quarter worth approximately $134,000. Proficio Capital Partners LLC bought a new position in shares of Select Water Solutions during the 4th quarter valued at $172,000. Raymond James Financial Inc. bought a new position in Select Water Solutions in the 4th quarter worth $2,542,000. Amundi raised its holdings in Select Water Solutions by 83.8% in the 4th quarter. Amundi now owns 9,010 shares of the company's stock worth $119,000 after acquiring an additional 4,109 shares during the period. Finally, Swiss National Bank raised its holdings 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 period. Institutional investors and hedge funds own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WTTR shares. Raymond James Financial dropped their target price on shares of Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. Citigroup decreased their target price on shares of 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. Finally, Piper Sandler began coverage on shares of Select Water Solutions in a research report on Tuesday. They set an "overweight" rating and a $15.00 target price on the stock. 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, Select Water Solutions presently has an average rating of "Buy" and a consensus price target of $14.88.

Select Water Solutions Trading Up 2.0%

WTTR opened at $9.44 on Friday. Select Water Solutions, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $15.14. 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 company has a market cap of $1.13 billion, a price-to-earnings ratio of 27.76 and a beta of 1.20. The firm has a 50 day simple moving average of $8.83 and a 200 day simple moving average of $10.30.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $374.38 million during the quarter, compared to analysts' expectations of $360.78 million. Select Water Solutions had a net margin of 2.42% and a return on equity of 3.96%. The firm's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 earnings per share. On average, sell-side analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current 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 $0.07 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.28 dividend on an annualized basis and a yield of 2.97%. Select Water Solutions's dividend payout ratio (DPR) is presently 82.35%.

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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