Lombard Odier Asset Management USA Corp Sells 30,272 Shares of Select Water Solutions, Inc. $WTTR

Lombard Odier Asset Management USA Corp cut its stake in shares of Select Water Solutions, Inc. (NYSE:WTTRFree Report) by 23.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,870 shares of the company’s stock after selling 30,272 shares during the period. Lombard Odier Asset Management USA Corp owned approximately 0.07% of Select Water Solutions worth $1,482,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in Select Water Solutions during the third quarter worth about $29,000. Osaic Holdings Inc. grew its position in shares of Select Water Solutions by 59.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after buying an additional 1,830 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Select Water Solutions by 2,704.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after acquiring an additional 5,408 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Select Water Solutions by 5,584.0% in the 1st quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock valued at $75,000 after acquiring an additional 6,980 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Select Water Solutions by 190.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,916 shares of the company’s stock valued at $77,000 after acquiring an additional 5,847 shares during the period. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Trading Down 3.2%

NYSE:WTTR opened at $20.18 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.76. The business’s 50-day simple moving average is $19.08 and its 200-day simple moving average is $15.86. Select Water Solutions, Inc. has a fifty-two week low of $7.86 and a fifty-two week high of $21.67. The stock has a market capitalization of $2.79 billion, a PE ratio of 96.08 and a beta of 0.98.

Select Water Solutions (NYSE:WTTRGet Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $365.96 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 EPS. Sell-side analysts expect that Select Water Solutions, Inc. will post 0.46 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. Select Water Solutions’s dividend payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WTTR shares. Citigroup boosted their price objective on shares of Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Zacks Research lowered shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research report on Monday, July 6th. Wall Street Zen raised shares of Select Water Solutions from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Northland Securities set a $21.00 price objective on shares of Select Water Solutions in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.40.

Check Out Our Latest Stock Report on WTTR

Insider Activity at Select Water Solutions

In related news, CAO Brian Szymanski sold 20,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $17.04, for a total transaction of $340,800.00. Following the sale, the chief accounting officer directly owned 114,752 shares in the company, valued at $1,955,374.08. This trade represents a 14.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Michael Skarke sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $17.78, for a total transaction of $355,600.00. Following the completion of the sale, the chief operating officer directly owned 360,738 shares in the company, valued at $6,413,921.64. This represents a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 222,010 shares of company stock worth $3,925,971 over the last three months. 6.20% of the stock is currently owned by insiders.

Select Water Solutions Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Select Water Solutions (NYSE:WTTR)

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