Segall Bryant & Hamill LLC Raises Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Segall Bryant & Hamill LLC grew its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 20.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 485,711 shares of the company's stock after buying an additional 81,898 shares during the period. Segall Bryant & Hamill LLC owned 0.41% of Select Water Solutions worth $5,100,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 1,525 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in Select Water Solutions during the first quarter worth about $113,000. Amundi raised its stake in Select Water Solutions by 83.8% during the fourth 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. Cambridge Investment Research Advisors Inc. acquired a new stake in Select Water Solutions during the first quarter worth about $123,000. Finally, Summit Investment Advisors Inc. raised its stake in Select Water Solutions by 13.6% during the fourth 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 period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on WTTR. Raymond James Financial decreased their target price on shares of Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research report on Friday, May 9th. Piper Sandler started coverage on shares of Select Water Solutions in a report on Tuesday, July 15th. They issued an "overweight" rating and a $15.00 price objective for the company. Finally, Citigroup decreased their price objective 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. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $14.88.

Select Water Solutions Stock Performance

Shares of WTTR traded down $0.09 during trading hours on Monday, hitting $9.37. The company had a trading volume of 559,653 shares, compared to its average volume of 1,097,882. The company has a quick ratio of 1.67, a current ratio of 1.83 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $8.85 and a 200-day moving average of $10.23. Select Water Solutions, Inc. has a 12 month low of $7.20 and a 12 month high of $15.14. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 27.03 and a beta of 1.20.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The business had revenue of $374.38 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.04 EPS. Equities analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Tuesday, May 6th. Select Water Solutions's payout ratio is 82.35%.

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.