Avantax Advisory Services Inc. Takes $650,000 Position in Select Water Solutions, Inc. (NYSE:WTTR)

Avantax Advisory Services Inc. bought a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 85,682 shares of the company's stock, valued at approximately $650,000. Avantax Advisory Services Inc. owned approximately 0.07% of Select Water Solutions at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. SkyView Investment Advisors LLC increased its position in Select Water Solutions by 3.1% during the third quarter. SkyView Investment Advisors LLC now owns 52,364 shares of the company's stock valued at $416,000 after acquiring an additional 1,591 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Select Water Solutions by 15.2% during the 4th quarter. Mackenzie Financial Corp now owns 14,931 shares of the company's stock worth $113,000 after purchasing an additional 1,973 shares during the period. EagleClaw Capital Managment LLC grew its holdings in Select Water Solutions by 7.3% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 39,700 shares of the company's stock valued at $316,000 after purchasing an additional 2,700 shares during the last quarter. Natixis Advisors L.P. raised its position in Select Water Solutions by 10.6% in the 4th quarter. Natixis Advisors L.P. now owns 29,229 shares of the company's stock worth $221,000 after purchasing an additional 2,800 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Select Water Solutions in the third quarter worth about $28,000. Institutional investors own 81.73% of the company's stock.

Select Water Solutions Trading Down 1.3 %

Select Water Solutions stock traded down $0.14 during trading hours on Wednesday, hitting $10.63. The company had a trading volume of 1,328,880 shares, compared to its average volume of 1,156,676. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.76 and a current ratio of 1.94. The firm has a market cap of $1.26 billion, a P/E ratio of 16.35 and a beta of 1.65. The company has a 50-day moving average price of $9.38 and a two-hundred day moving average price of $8.24. Select Water Solutions, Inc. has a 1 year low of $6.78 and a 1 year high of $10.78.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.05). The firm had revenue of $366.60 million during the quarter, compared to analysts' expectations of $369.29 million. Select Water Solutions had a net margin of 4.28% and a return on equity of 7.46%. The firm's revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. On average, sell-side analysts anticipate that Select Water Solutions, Inc. will post 0.53 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, May 3rd were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, May 2nd. Select Water Solutions's payout ratio is 36.92%.

Analysts Set New Price Targets

A number of research firms have recently commented on WTTR. Northland Securities began coverage on Select Water Solutions in a research note on Monday, April 22nd. They set a "market perform" rating and a $11.50 target price on the stock. Citigroup raised Select Water Solutions from a "neutral" rating to a "buy" rating and set a $13.00 price objective on the stock in a research report on Thursday, May 9th.

Insider Activity

In other news, CAO Brian Szymanski sold 6,422 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $8.60, for a total transaction of $55,229.20. Following the transaction, the chief accounting officer now directly owns 95,936 shares in the company, valued at $825,049.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Brian Szymanski sold 6,422 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $8.60, for a total transaction of $55,229.20. Following the completion of the sale, the chief accounting officer now directly owns 95,936 shares in the company, valued at approximately $825,049.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher Kile George sold 23,000 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $8.63, for a total value of $198,490.00. Following the sale, the senior vice president now directly owns 255,587 shares in the company, valued at approximately $2,205,715.81. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,932 shares of company stock worth $529,310. Company insiders own 8.10% of the company's stock.

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.