Kennedy Capital Management LLC Sells 59,714 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Kennedy Capital Management LLC decreased its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 11.0% during the 1st quarter, Holdings Channel reports. The firm owned 484,971 shares of the company’s stock after selling 59,714 shares during the quarter. Kennedy Capital Management LLC’s holdings in Select Water Solutions were worth $4,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WTTR. Icon Wealth Advisors LLC bought a new stake in shares of Select Water Solutions during the 4th quarter valued at about $4,778,000. Vanguard Group Inc. raised its stake in Select Water Solutions by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,063,979 shares of the company’s stock worth $40,259,000 after buying an additional 464,946 shares during the period. Dimensional Fund Advisors LP raised its stake in Select Water Solutions by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,031,868 shares of the company’s stock worth $45,782,000 after buying an additional 300,115 shares during the period. Assenagon Asset Management S.A. raised its stake in Select Water Solutions by 230.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 406,106 shares of the company’s stock worth $3,748,000 after buying an additional 283,269 shares during the period. Finally, Empowered Funds LLC raised its stake in Select Water Solutions by 129.6% during the 1st quarter. Empowered Funds LLC now owns 471,545 shares of the company’s stock worth $4,352,000 after buying an additional 266,145 shares during the period. Institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on WTTR shares. Citigroup raised Select Water Solutions from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Thursday, May 9th. Northland Securities started coverage on Select Water Solutions in a research note on Monday, April 22nd. They set a “market perform” rating and a $11.50 price target on the stock.

Select Water Solutions Stock Up 1.8 %

Shares of Select Water Solutions stock traded up $0.21 on Tuesday, hitting $11.72. The company had a trading volume of 1,459,003 shares, compared to its average volume of 1,119,575. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.71 and a beta of 1.69. Select Water Solutions, Inc. has a 1 year low of $6.78 and a 1 year high of $11.82. The stock has a 50 day moving average of $10.65 and a 200-day moving average of $9.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.76 and a current ratio of 1.94.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $366.60 million during the quarter, compared to analysts’ expectations of $369.29 million. Select Water Solutions had a return on equity of 7.46% and a net margin of 4.28%. The business’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. As a group, sell-side analysts forecast that Select Water Solutions, Inc. will post 0.53 earnings per share for the current year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Monday, August 5th. Select Water Solutions’s dividend payout ratio (DPR) is presently 36.92%.

Insider Transactions at Select Water Solutions

In other news, COO Michael Skarke sold 13,421 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $9.78, for a total value of $131,257.38. Following the completion of the transaction, the chief operating officer now directly owns 380,981 shares of the company’s stock, valued at $3,725,994.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.40% of the company’s stock.

About Select Water Solutions

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.