Hantz Financial Services Inc. boosted its stake in Select Water Solutions, Inc. (NYSE:WTTR – Free Report) by 65.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,954 shares of the company’s stock after acquiring an additional 51,233 shares during the period. Hantz Financial Services Inc. owned 0.11% of Select Water Solutions worth $1,367,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in shares of Select Water Solutions by 78.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,939,877 shares of the company’s stock worth $52,807,000 after buying an additional 2,166,649 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Select Water Solutions by 2,133.9% during the 3rd quarter. Alliancebernstein L.P. now owns 2,131,277 shares of the company’s stock worth $22,783,000 after buying an additional 2,035,870 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Select Water Solutions by 124.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,801,488 shares of the company’s stock worth $19,258,000 after buying an additional 997,847 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Select Water Solutions by 466.8% during the 1st quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock worth $10,236,000 after buying an additional 802,833 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Select Water Solutions by 16.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock worth $54,802,000 after buying an additional 705,612 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on WTTR. Raymond James Financial restated a “strong-buy” rating and set a $24.00 price target on shares of Select Water Solutions in a report on Thursday, May 7th. Zacks Research upgraded Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday. Piper Sandler increased their price target on Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a report on Wednesday, April 8th. Finally, Wall Street Zen upgraded Select Water Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Select Water Solutions presently has a consensus rating of “Buy” and an average price target of $22.50.
Insider Buying and Selling
In related news, Director Richard Alan Burnett sold 45,316 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $18.74, for a total value of $849,221.84. Following the completion of the sale, the director directly owned 71,578 shares of the company’s stock, valued at approximately $1,341,371.72. This represents a 38.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Brian Szymanski sold 20,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $17.04, for a total value of $340,800.00. Following the completion of the sale, the chief accounting officer directly owned 114,752 shares of the company’s stock, valued at $1,955,374.08. The trade was a 14.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 222,010 shares of company stock valued at $3,925,971. 6.20% of the stock is owned by corporate insiders.
Select Water Solutions Price Performance
Shares of NYSE:WTTR opened at $18.64 on Thursday. The company has a quick ratio of 1.76, a current ratio of 1.92 and a debt-to-equity ratio of 0.18. Select Water Solutions, Inc. has a twelve month low of $7.86 and a twelve month high of $20.48. The stock’s 50 day moving average is $16.45 and its 200-day moving average is $13.40. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 88.75 and a beta of 0.99.
Select Water Solutions (NYSE:WTTR – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $365.96 million during the quarter, compared to analyst estimates of $344.63 million. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.Select Water Solutions’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. Sell-side analysts forecast that Select Water Solutions, Inc. will post 0.29 EPS for the current fiscal year.
Select Water Solutions Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Thursday, April 30th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, April 30th. Select Water Solutions’s dividend payout ratio is presently 133.33%.
Select Water Solutions Profile
Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.
The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.
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