Raymond James Financial Inc. Acquires New Shares in Select Water Solutions, Inc. (NYSE:WTTR)

Raymond James Financial Inc. purchased a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 192,006 shares of the company's stock, valued at approximately $2,542,000. Raymond James Financial Inc. owned about 0.16% of Select Water Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in WTTR. Van ECK Associates Corp grew its position in shares of Select Water Solutions by 27.4% in the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock valued at $26,456,000 after purchasing an additional 430,363 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Select Water Solutions in the 4th quarter valued at $5,346,000. Arrowstreet Capital Limited Partnership lifted its position in Select Water Solutions by 254.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 524,354 shares of the company's stock worth $6,942,000 after purchasing an additional 376,218 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Select Water Solutions during the 4th quarter worth approximately $4,913,000. Finally, American Century Companies Inc. grew its position in Select Water Solutions by 12.6% in the fourth quarter. American Century Companies Inc. now owns 3,174,675 shares of the company's stock valued at $42,033,000 after acquiring an additional 355,271 shares during the last quarter. Institutional investors own 81.73% of the company's stock.

Analyst Ratings Changes

Separately, Citigroup increased their price target on Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, January 10th.

Insider Activity at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total transaction of $349,398.00. Following the completion of the sale, the chief executive officer now directly owns 2,898,578 shares of the company's stock, valued at approximately $38,145,286.48. This represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.40% of the stock is currently owned by insiders.

Select Water Solutions Stock Performance

Shares of WTTR traded up $0.16 during mid-day trading on Friday, hitting $8.88. The stock had a trading volume of 665,161 shares, compared to its average volume of 1,085,753. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. The firm has a market cap of $1.06 billion, a P/E ratio of 29.58 and a beta of 1.51. Select Water Solutions, Inc. has a 52 week low of $7.58 and a 52 week high of $15.14. The business has a fifty day moving average price of $9.52 and a 200-day moving average price of $11.89.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.14). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The firm had revenue of $349.05 million during the quarter, compared to the consensus estimate of $333.62 million. On average, equities research analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, May 6th. Select Water Solutions's dividend payout ratio is 93.33%.

Select Water Solutions 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.