Bank of America Corp DE Has $3.28 Million Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Bank of America Corp DE grew its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 29.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 247,914 shares of the company's stock after purchasing an additional 56,478 shares during the quarter. Bank of America Corp DE owned 0.21% of Select Water Solutions worth $3,282,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in Select Water Solutions by 1.7% during the fourth quarter. Ameriprise Financial Inc. now owns 143,508 shares of the company's stock valued at $1,900,000 after buying an additional 2,365 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Select Water Solutions in the 4th quarter valued at about $192,000. Northern Trust Corp boosted its position in shares of Select Water Solutions by 11.1% during the 4th quarter. Northern Trust Corp now owns 866,760 shares of the company's stock valued at $11,476,000 after purchasing an additional 86,274 shares in the last quarter. Penn Capital Management Company LLC bought a new position in shares of Select Water Solutions during the 4th quarter valued at about $5,751,000. Finally, Webs Creek Capital Management LP grew its stake in shares of Select Water Solutions by 5.4% in the 4th quarter. Webs Creek Capital Management LP now owns 2,354,742 shares of the company's stock worth $31,177,000 after purchasing an additional 120,966 shares during the last quarter. Institutional investors own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

WTTR has been the subject of several recent research reports. Citigroup cut their target price on shares of Select Water Solutions from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Raymond James reduced 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.

Select Water Solutions Trading Down 1.2%

NYSE WTTR traded down $0.10 on Wednesday, hitting $8.44. 884,635 shares of the stock were exchanged, compared to its average volume of 1,076,927. The company's 50-day moving average price is $8.52 and its two-hundred day moving average price is $11.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. Select Water Solutions, Inc. has a 52-week low of $7.20 and a 52-week high of $15.14. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 28.13 and a beta of 1.28.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued 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. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The business had revenue of $374.38 million during the quarter, compared to analysts' expectations of $360.78 million. During the same quarter last year, the firm posted $0.04 earnings per share. Select Water Solutions's revenue was up 2.2% compared to the same quarter last year. Research analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were given a dividend of $0.07 per share. 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 3.32%. Select Water Solutions's payout ratio 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.