Royal Bank of Canada Lowers Holdings in Select Water Solutions, Inc. $WTTR

Posted by Francis Steltz on Aug 20th, 2026

Royal Bank of Canada trimmed its holdings in Select Water Solutions, Inc. (NYSE:WTTR – Free Report) by 52.5% in the 1st quarter, HoldingsChannel reports. The firm owned 91,085 shares of the company’s stock after selling 100,626 shares during the quarter. Royal Bank of Canada’s holdings in Select Water Solutions were worth $1,393,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WTTR. Franklin Resources Inc. raised its position in shares of Select Water Solutions by 56.4% during the fourth quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company’s stock valued at $81,278,000 after buying an additional 2,786,172 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Select Water Solutions by 2,133.9% during the third quarter. Alliancebernstein L.P. now owns 2,131,277 shares of the company’s stock worth $22,783,000 after acquiring an additional 2,035,870 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Select Water Solutions by 124.2% during the third quarter. Russell Investments Group Ltd. now owns 1,801,488 shares of the company’s stock valued at $19,258,000 after acquiring an additional 997,847 shares in the last quarter. Millennium Management LLC grew its stake in Select Water Solutions by 466.8% during the first quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock valued at $10,236,000 after acquiring an additional 802,833 shares in the last quarter. Finally, Encompass Capital Advisors LLC grew its stake in Select Water Solutions by 31.5% during the fourth quarter. Encompass Capital Advisors LLC now owns 3,118,824 shares of the company’s stock valued at $32,810,000 after acquiring an additional 746,534 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on WTTR shares. Raymond James Financial cut shares of Select Water Solutions from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $24.00 to $26.00 in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research report on Monday, July 6th. Northland Securities set a $21.00 target price on Select Water Solutions in a report on Thursday, May 7th. Zacks Research downgraded Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen raised Select Water Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Select Water Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $22.80.

View Our Latest Stock Analysis on Select Water Solutions

Select Water Solutions Price Performance

Select Water Solutions stock opened at $20.47 on Thursday. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 73.12 and a beta of 0.99. The firm’s fifty day moving average is $19.44 and its 200 day moving average is $16.94. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. Select Water Solutions, Inc. has a 52-week low of $7.89 and a 52-week high of $22.55.

Select Water Solutions (NYSE:WTTR – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.11%. The business had revenue of $395.81 million during the quarter, compared to analysts’ expectations of $373.33 million. During the same period last year, the company posted $0.10 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Sell-side analysts forecast that Select Water Solutions, Inc. will post 0.56 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. Select Water Solutions’s dividend payout ratio (DPR) is presently 100.00%.

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.