Lane Generational LLC Purchases 1,638 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Lane Generational LLC lifted its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 314,929 shares of the company’s stock after acquiring an additional 1,638 shares during the quarter. Select Water Solutions accounts for about 4.1% of Lane Generational LLC’s holdings, making the stock its 12th largest position. Lane Generational LLC’s holdings in Select Water Solutions were worth $4,170,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Parkside Financial Bank & Trust grew its stake in Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock valued at $67,000 after purchasing an additional 1,007 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in shares of Select Water Solutions in the 3rd quarter worth about $107,000. Creative Planning bought a new position in Select Water Solutions during the third quarter valued at about $112,000. Amundi increased its holdings in Select Water Solutions by 83.8% during the fourth quarter. Amundi now owns 9,010 shares of the company’s stock worth $119,000 after buying an additional 4,109 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in Select Water Solutions during the third quarter worth about $133,000. 81.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO John Schmitz sold 73,450 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the transaction, the chief executive officer now owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Citigroup increased their target price on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, January 10th.

Select Water Solutions Stock Performance

Shares of WTTR opened at $9.68 on Wednesday. Select Water Solutions, Inc. has a 1 year low of $8.47 and a 1 year high of $15.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. The stock’s fifty day moving average price is $12.80 and its two-hundred day moving average price is $12.46. The firm has a market cap of $1.15 billion, a PE ratio of 32.25 and a beta of 1.77.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). The firm had revenue of $349.05 million during the quarter, compared to the consensus estimate of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. On average, equities research analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s payout ratio is currently 93.33%.

Select Water Solutions Company Profile

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.