Wells Fargo & Company MN Has $3.10 Million Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Wells Fargo & Company MN boosted its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 284.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 234,356 shares of the company's stock after acquiring an additional 173,475 shares during the quarter. Wells Fargo & Company MN owned about 0.20% of Select Water Solutions worth $3,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cinctive Capital Management LP raised its position in Select Water Solutions by 55.0% in the fourth quarter. Cinctive Capital Management LP now owns 77,500 shares of the company's stock worth $1,026,000 after acquiring an additional 27,500 shares in the last quarter. Villanova Investment Management Co LLC raised its holdings in shares of Select Water Solutions by 10.7% during the fourth quarter. Villanova Investment Management Co LLC now owns 201,680 shares of the company's stock valued at $2,670,000 after acquiring an additional 19,534 shares during the period. Pier 88 Investment Partners LLC purchased a new stake in shares of Select Water Solutions in the 4th quarter valued at approximately $615,000. O Shaughnessy Asset Management LLC boosted its stake in Select Water Solutions by 22.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 280,946 shares of the company's stock worth $3,720,000 after purchasing an additional 51,490 shares during the period. Finally, Schroder Investment Management Group purchased a new position in Select Water Solutions during the 4th quarter worth approximately $1,664,000. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Stock Down 0.9 %

Shares of WTTR traded down $0.08 during mid-day trading on Tuesday, reaching $8.82. The company's stock had a trading volume of 746,980 shares, compared to its average volume of 1,097,132. The business has a fifty day moving average of $9.74 and a 200 day moving average of $11.95. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 29.40 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 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 (NYSE:WTTR - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.14). The business had revenue of $349.05 million during the quarter, compared to analysts' expectations 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, 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, May 6th. This represents a $0.28 annualized dividend and a dividend yield of 3.17%. Select Water Solutions's dividend payout ratio is 93.33%.

Insider Buying and Selling

In related news, CEO John Schmitz sold 26,550 shares of the stock in a transaction on Tuesday, February 11th. The stock was 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 in the company, valued at approximately $38,145,286.48. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.