Empowered Funds LLC Purchases 33,614 Shares of Select Water Solutions, Inc. $WTTR

Empowered Funds LLC raised its position in Select Water Solutions, Inc. (NYSE:WTTR – Free Report) by 6.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 574,438 shares of the company’s stock after acquiring an additional 33,614 shares during the period. Empowered Funds LLC owned about 0.42% of Select Water Solutions worth $8,789,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Select Water Solutions in the fourth quarter valued at approximately $1,557,000. UBS Group AG raised its position in shares of Select Water Solutions by 46.0% during the fourth quarter. UBS Group AG now owns 230,614 shares of the company’s stock worth $2,426,000 after purchasing an additional 72,613 shares during the period. Needham Investment Management LLC raised its position in shares of Select Water Solutions by 34.8% during the fourth quarter. Needham Investment Management LLC now owns 775,000 shares of the company’s stock worth $8,153,000 after purchasing an additional 200,000 shares during the period. Perigon Wealth Management LLC bought a new position in shares of Select Water Solutions in the 4th quarter worth $443,000. Finally, Systematic Financial Management LP lifted its holdings in shares of Select Water Solutions by 3.9% in the 4th quarter. Systematic Financial Management LP now owns 1,374,163 shares of the company’s stock worth $14,456,000 after purchasing an additional 52,182 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

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Select Water Solutions Price Performance

Shares of NYSE:WTTR opened at $18.21 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.76 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $18.96 and its two-hundred day simple moving average is $16.09. Select Water Solutions, Inc. has a 1-year low of $7.86 and a 1-year high of $21.67. The stock has a market cap of $2.52 billion, a PE ratio of 86.71 and a beta of 0.98.

Select Water Solutions (NYSE:WTTR – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The firm had revenue of $365.96 million during the quarter, compared to analyst estimates of $344.63 million. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 EPS. As a group, analysts forecast that Select Water Solutions, Inc. will post 0.46 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Friday, August 7th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, August 7th. This represents a $0.28 annualized dividend and a yield of 1.5%. Select Water Solutions’s payout ratio is 133.33%.

Analyst Upgrades and Downgrades

WTTR has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Northland Securities set a $21.00 price objective on shares of Select Water Solutions in a research note on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Monday, July 6th. Bank of America began coverage on shares of Select Water Solutions in a research report on Friday, May 29th. They set a “buy” rating and a $22.00 target price for the company. Finally, Piper Sandler upped their target price on shares of Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Select Water Solutions has an average rating of “Moderate Buy” and an average target price of $22.40.

Check Out Our Latest Analysis on Select Water Solutions

Insider Activity

In other Select Water Solutions news, Director Robin H. Fielder sold 27,010 shares of Select Water Solutions stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $16.80, for a total transaction of $453,768.00. Following the transaction, the director owned 43,315 shares of the company’s stock, valued at $727,692. This trade represents a 38.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Skarke sold 90,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $17.31, for a total value of $1,557,900.00. Following the completion of the transaction, the chief operating officer owned 380,738 shares in the company, valued at $6,590,574.78. The trade was a 19.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 222,010 shares of company stock valued at $3,925,971 in the last three months. 6.20% of the stock is owned by company insiders.

About Select Water Solutions

(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.

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