Victory Capital Management Inc. Has $41.51 Million Stake in Select Water Solutions, Inc. (NYSE:WTTR)

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

Several other large investors have also modified their holdings of the stock. First Trust Advisors LP lifted its holdings in Select Water Solutions by 21.9% in the fourth quarter. First Trust Advisors LP now owns 6,828,596 shares of the company's stock worth $90,411,000 after acquiring an additional 1,226,061 shares during the last quarter. Hood River Capital Management LLC bought a new position in Select Water Solutions in the fourth quarter worth about $7,274,000. Penn Capital Management Company LLC bought a new position in Select Water Solutions in the fourth quarter worth about $5,751,000. Corigliano Investment Advisers LLC bought a new position in Select Water Solutions in the fourth quarter worth about $5,624,000. Finally, Segall Bryant & Hamill LLC bought a new position in Select Water Solutions in the fourth quarter worth about $5,346,000. Institutional investors own 81.73% of the company's stock.

Select Water Solutions Stock Performance

Shares of WTTR traded up $0.42 during mid-day trading on Wednesday, reaching $9.80. 1,163,548 shares of the company's stock traded hands, compared to its average volume of 1,096,957. The business's 50-day moving average price is $8.88 and its 200-day moving average price is $10.19. The stock has a market capitalization of $1.18 billion, a P/E ratio of 28.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 1.83. Select Water Solutions, Inc. has a 12 month low of $7.20 and a 12 month high of $15.14.

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. Select Water Solutions had a return on equity of 3.96% and a net margin of 2.42%. The firm had revenue of $374.38 million for the quarter, compared to analysts' expectations of $360.78 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were given a $0.07 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.28 annualized dividend and a yield of 2.86%. Select Water Solutions's dividend payout ratio (DPR) is 82.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WTTR. Piper Sandler began coverage on shares of Select Water Solutions in a report on Tuesday, July 15th. They issued an "overweight" rating and a $15.00 target price on the stock. Raymond James Financial cut their price target on 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. Finally, Citigroup cut their price target on Select Water Solutions from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $14.88.

About Select Water Solutions

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.