Systematic Financial Management LP Sells 43,019 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Systematic Financial Management LP reduced its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,019,325 shares of the company's stock after selling 43,019 shares during the period. Systematic Financial Management LP owned 0.85% of Select Water Solutions worth $13,496,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ritholtz Wealth Management boosted its position in Select Water Solutions by 24.1% during the 4th quarter. Ritholtz Wealth Management now owns 138,427 shares of the company's stock valued at $1,833,000 after acquiring an additional 26,912 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Select Water Solutions during the fourth quarter valued at approximately $360,000. Longboard Asset Management LP purchased a new stake in Select Water Solutions in the fourth quarter worth $167,000. Vest Financial LLC raised its holdings in Select Water Solutions by 48.3% in the fourth quarter. Vest Financial LLC now owns 193,890 shares of the company's stock worth $2,567,000 after purchasing an additional 63,149 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Select Water Solutions by 11.5% in the fourth quarter. Empowered Funds LLC now owns 640,401 shares of the company's stock worth $8,479,000 after purchasing an additional 66,020 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

Select Water Solutions Price Performance

Shares of Select Water Solutions stock traded down $0.01 on Friday, hitting $8.07. 163,221 shares of the company traded hands, compared to its average volume of 1,095,835. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65. The stock has a market capitalization of $969.53 million, a P/E ratio of 26.88 and a beta of 1.28. Select Water Solutions, Inc. has a 52 week low of $7.20 and a 52 week high of $15.14. The business has a 50-day simple moving average of $8.90 and a 200 day simple moving average of $11.65.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The business 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 EPS. The business's revenue was up 2.2% on a year-over-year basis. Research analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Tuesday, May 6th. Select Water Solutions's dividend payout ratio is currently 82.35%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WTTR shares. Raymond James cut their price objective on shares of 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. Citigroup lowered 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.

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.