Cinctive Capital Management LP Grows Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Cinctive Capital Management LP boosted its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 55.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,500 shares of the company's stock after acquiring an additional 27,500 shares during the period. Cinctive Capital Management LP owned 0.06% of Select Water Solutions worth $1,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its holdings in shares of Select Water Solutions by 51.9% in the third quarter. FMR LLC now owns 3,728,787 shares of the company's stock worth $41,501,000 after purchasing an additional 1,274,600 shares during the period. American Century Companies Inc. boosted its position in shares of Select Water Solutions by 12.6% during the 4th 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. Geode Capital Management LLC grew its holdings in shares of Select Water Solutions by 7.9% during the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company's stock worth $23,683,000 after purchasing an additional 155,091 shares in the last quarter. Boston Partners increased its position in shares of Select Water Solutions by 4.3% in the fourth quarter. Boston Partners now owns 2,000,352 shares of the company's stock worth $26,647,000 after purchasing an additional 81,746 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in 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 in the last quarter. Institutional investors own 81.73% of the company's stock.

Select Water Solutions Price Performance

WTTR traded up $0.58 during midday trading on Wednesday, hitting $8.51. The stock had a trading volume of 3,464,708 shares, compared to its average volume of 1,085,055. The company has a market cap of $1.02 billion, a P/E ratio of 28.37 and a beta of 1.51. Select Water Solutions, Inc. has a 1 year low of $7.58 and a 1 year high of $15.14. The business has a fifty day moving average of $10.98 and a 200 day moving average of $12.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65.

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 the consensus estimate of $0.13 by ($0.14). The business had revenue of $349.05 million for the quarter, compared to the consensus estimate of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. As a group, equities analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions's dividend payout ratio (DPR) is presently 93.33%.

Insider Activity at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the sale, the chief executive officer now owns 2,898,578 shares in the company, valued at approximately $38,145,286.48. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Citigroup raised their price objective on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, January 10th.

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.