Select Water Solutions, Inc. (NYSE:WTTR) is Meros Investment Management LP's 6th Largest Position

Meros Investment Management LP lessened its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 756,340 shares of the company's stock after selling 34,695 shares during the quarter. Select Water Solutions makes up about 4.6% of Meros Investment Management LP's portfolio, making the stock its 6th biggest holding. Meros Investment Management LP owned 0.63% of Select Water Solutions worth $10,014,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in shares of Select Water Solutions by 128.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock valued at $36,000 after acquiring an additional 1,525 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock valued at $67,000 after buying an additional 1,007 shares during the period. Amundi raised its holdings in Select Water Solutions by 83.8% in the 4th quarter. Amundi now owns 9,010 shares of the company's stock valued at $119,000 after buying an additional 4,109 shares during the period. Summit Investment Advisors Inc. raised its holdings in Select Water Solutions by 13.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock valued at $126,000 after buying an additional 1,143 shares during the period. Finally, Truist Financial Corp purchased a new stake in Select Water Solutions in the 4th quarter valued at about $134,000. Hedge funds and other institutional investors own 81.73% of the company's stock.

Select Water Solutions Stock Performance

NYSE:WTTR traded down $0.03 during trading hours on Friday, reaching $8.56. 802,932 shares of the company's stock were exchanged, compared to its average volume of 1,109,851. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 28.52 and a beta of 1.28. The company has a 50-day moving average of $9.01 and a 200 day moving average of $11.72. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 1-year low of $7.20 and a 1-year high of $15.14.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced 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. The company had revenue of $374.38 million during the quarter, compared to the consensus estimate of $360.78 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. Select Water Solutions's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. Research analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.28 dividend on an annualized basis and a yield of 3.27%. Select Water Solutions's payout ratio is currently 82.35%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup reduced their price objective on shares of Select Water Solutions from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Raymond James lowered their price target on shares of Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th.

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.