Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC lessened its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 86.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,120 shares of the company's stock after selling 103,880 shares during the period. Alpine Woods Capital Investors LLC's holdings in Select Water Solutions were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. 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. Citigroup cut their price target 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.

Select Water Solutions Price Performance

Select Water Solutions stock traded down $0.34 during mid-day trading on Monday, reaching $9.30. The company had a trading volume of 1,114,448 shares, compared to its average volume of 1,102,830. Select Water Solutions, Inc. has a 1 year low of $7.20 and a 1 year 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 capitalization of $1.12 billion, a P/E ratio of 27.34 and a beta of 1.20. The stock's 50-day simple moving average is $8.71 and its 200-day simple moving average is $10.36.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its earnings results 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. Select Water Solutions had a net margin of 2.42% and a return on equity of 3.96%. The company had revenue of $374.38 million during the quarter, compared to analysts' expectations of $360.78 million. During the same period last year, the company posted $0.04 earnings per share. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were issued a $0.07 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.28 dividend on an annualized basis and a yield of 3.01%. 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.