Select Water Solutions, Inc. (NYSE:WTTR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,953,648 shares of the company's stock after acquiring an additional 229,736 shares during the period. Victory Capital Management Inc. owned 3.31% of Select Water Solutions worth $41,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of WTTR. Summit Investment Advisors Inc. boosted its stake in shares of 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 buying an additional 1,143 shares during the period. Swiss National Bank boosted its stake in shares of Select Water Solutions by 0.8% during the fourth quarter. Swiss National Bank now owns 181,900 shares of the company's stock worth $2,408,000 after buying an additional 1,400 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Select Water Solutions by 128.6% during the fourth 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 during the period. CoreCommodity Management LLC boosted its stake in shares of Select Water Solutions by 1.6% during the fourth quarter. CoreCommodity Management LLC now owns 100,860 shares of the company's stock worth $1,335,000 after buying an additional 1,544 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Select Water Solutions by 3.9% during the first quarter. Principal Financial Group Inc. now owns 48,603 shares of the company's stock worth $510,000 after buying an additional 1,822 shares during the period. Institutional investors and hedge funds own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Citigroup decreased 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 Financial cut 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. Finally, Piper Sandler started coverage on shares of Select Water Solutions in a report on Tuesday, July 15th. They set an "overweight" rating and a $15.00 price target for the company. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $14.88.

Select Water Solutions Trading Up 0.3%

Shares of Select Water Solutions stock opened at $9.45 on Friday. Select Water Solutions, Inc. has a 12-month low of $7.20 and a 12-month high of $15.14. 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 stock has a market cap of $1.14 billion, a PE ratio of 27.79 and a beta of 1.20. The company has a 50-day moving average of $8.85 and a two-hundred day moving average of $10.25.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $374.38 million for 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 company's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 earnings per share. On average, research analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors 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 2.96%. Select Water Solutions's dividend payout ratio (DPR) is currently 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.

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