Alpine Woods Capital Investors LLC Reduces Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Alpine Woods Capital Investors LLC lowered its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 86.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

A number of other large investors have also recently bought and sold shares of WTTR. First Trust Advisors LP boosted its stake in Select Water Solutions by 21.9% during the 4th quarter. First Trust Advisors LP now owns 6,828,596 shares of the company's stock worth $90,411,000 after purchasing an additional 1,226,061 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of Select Water Solutions in the 4th quarter worth $7,274,000. Penn Capital Management Company LLC acquired a new stake in shares of Select Water Solutions in the 4th quarter worth $5,751,000. Corigliano Investment Advisers LLC acquired a new stake in shares of Select Water Solutions in the 4th quarter worth $5,624,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Select Water Solutions in the 4th quarter worth $5,346,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Select Water Solutions Price Performance

Shares of NYSE WTTR traded down $0.14 during midday trading on Friday, hitting $9.60. The company had a trading volume of 1,070,528 shares, compared to its average volume of 1,102,783. The company has a quick ratio of 1.67, a current ratio of 1.83 and a debt-to-equity ratio of 0.27. Select Water Solutions, Inc. has a twelve month low of $7.20 and a twelve month high of $15.14. The business has a 50-day simple moving average of $8.71 and a two-hundred day simple moving average of $10.38. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 28.24 and a beta of 1.20.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $374.38 million during the quarter, compared to analysts' expectations of $360.78 million. During the same quarter last year, the business earned $0.04 earnings per share. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Tuesday, May 6th. Select Water Solutions's dividend payout ratio (DPR) is 82.35%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WTTR. Citigroup reduced 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 reduced 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 note on Friday, May 9th.

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.