Strs Ohio Invests $660,000 in Select Water Solutions, Inc. $WTTR

Key Points

• Strs Ohio has acquired 62,900 shares of Select Water Solutions, Inc. for approximately $660,000, representing a 0.05% ownership in the company.
• Select Water Solutions recently reported earnings of $0.10 EPS, falling short of expectations, and had a revenue of $364.22 million for the quarter.
• The company announced a quarterly dividend of $0.07, which equates to an annualized dividend yield of 2.8%.

Strs Ohio acquired a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 62,900 shares of the company's stock, valued at approximately $660,000. Strs Ohio owned about 0.05% of Select Water Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WTTR. EVR Research LP bought a new stake in shares of Select Water Solutions during the 1st quarter worth $9,660,000. Millennium Management LLC lifted its holdings in shares of Select Water Solutions by 466.8% during the 1st quarter. Millennium Management LLC now owns 974,821 shares of the company's stock worth $10,236,000 after acquiring an additional 802,833 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Select Water Solutions by 90.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,212,008 shares of the company's stock worth $12,726,000 after acquiring an additional 576,660 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Select Water Solutions by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 6,358,953 shares of the company's stock worth $66,769,000 after acquiring an additional 488,443 shares during the last quarter. Finally, Penn Capital Management Company LLC lifted its holdings in shares of Select Water Solutions by 93.2% during the 1st quarter. Penn Capital Management Company LLC now owns 839,007 shares of the company's stock worth $8,819,000 after acquiring an additional 404,669 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Select Water Solutions Stock Up 5.7%

NYSE:WTTR traded up $0.58 during mid-day trading on Tuesday, hitting $10.70. 708,216 shares of the company's stock were exchanged, compared to its average volume of 1,233,322. Select Water Solutions, Inc. has a one year low of $7.20 and a one year high of $15.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.82. The business has a fifty day moving average price of $8.89 and a 200 day moving average price of $8.93. The company has a market cap of $1.30 billion, a PE ratio of 34.48 and a beta of 1.26.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). Select Water Solutions had a return on equity of 3.69% and a net margin of 2.26%.The business had revenue of $364.22 million for the quarter, compared to the consensus estimate of $362.93 million. During the same period in the previous year, the firm earned $0.13 EPS. The company's revenue was down .3% on a year-over-year basis. Equities analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.28 annualized dividend and a yield of 2.6%. Select Water Solutions's dividend payout ratio is 90.32%.

Analyst Ratings Changes

Separately, Piper Sandler began coverage on shares of Select Water Solutions in a research report on Tuesday, July 15th. They issued an "overweight" rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, Select Water Solutions has a consensus rating of "Buy" and an average target price of $15.00.

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.