Villanova Investment Management Co LLC Has $811,000 Stock Holdings in Select Water Solutions, Inc. $WTTR

Key Points

• Villanova Investment Management Co LLC reduced its stake in Select Water Solutions, Inc. by 61.7%, selling 124,489 shares during the first quarter and now holds 77,191 shares valued at approximately $811,000.
• Other institutional investors, including Goldman Sachs Group Inc. and Millennium Management LLC, have increased their positions in Select Water Solutions, reflecting interest in the stock.
• Select Water Solutions reported earnings of $0.10 per share, missing the consensus estimate, while also announcing a quarterly dividend of $0.07 per share with a 3.2% yield.

Villanova Investment Management Co LLC lessened its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 61.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,191 shares of the company's stock after selling 124,489 shares during the quarter. Select Water Solutions comprises approximately 2.3% of Villanova Investment Management Co LLC's portfolio, making the stock its 12th largest position. Villanova Investment Management Co LLC owned about 0.06% of Select Water Solutions worth $811,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Select Water Solutions by 128.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock worth $36,000 after acquiring an additional 1,525 shares during the period. State of Wyoming boosted its stake in Select Water Solutions by 34.1% in the first quarter. State of Wyoming now owns 5,932 shares of the company's stock valued at $62,000 after acquiring an additional 1,509 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Select Water Solutions by 5,584.0% in the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company's stock valued at $75,000 after acquiring an additional 6,980 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Select Water Solutions during the fourth quarter worth about $134,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Select Water Solutions during the first quarter worth about $113,000. Hedge funds and other institutional investors own 81.73% of the company's stock.

Select Water Solutions Stock Up 1.1%

Shares of WTTR traded up $0.10 during midday trading on Tuesday, hitting $9.16. The company had a trading volume of 293,062 shares, compared to its average volume of 1,219,543. The company has a quick ratio of 1.82, a current ratio of 2.01 and a debt-to-equity ratio of 0.29. Select Water Solutions, Inc. has a 52 week low of $7.20 and a 52 week high of $15.14. The company's 50 day moving average price is $8.87 and its 200 day moving average price is $8.96. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 29.56 and a beta of 1.26.

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

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.28 annualized dividend and a yield of 3.1%. Select Water Solutions's dividend payout ratio is currently 90.32%.

Analysts Set New Price Targets

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

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.