26,519 Shares in Select Water Solutions, Inc. (NYSE:WTTR) Purchased by BCO Wealth Management LLC

BCO Wealth Management LLC acquired a new stake in Select Water Solutions, Inc. (NYSE:WTTR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,519 shares of the company’s stock, valued at approximately $351,000. Select Water Solutions accounts for approximately 0.3% of BCO Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding.

Several other institutional investors also recently bought and sold shares of WTTR. Parkside Financial Bank & Trust raised its position in shares of Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock worth $67,000 after purchasing an additional 1,007 shares during the last quarter. Amundi increased its stake in Select Water Solutions by 83.8% during the 4th quarter. Amundi now owns 9,010 shares of the company’s stock worth $119,000 after buying an additional 4,109 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Select Water Solutions during the third quarter valued at approximately $107,000. Atria Investments Inc purchased a new position in shares of Select Water Solutions in the fourth quarter valued at approximately $134,000. Finally, Truist Financial Corp acquired a new stake in shares of Select Water Solutions in the fourth quarter worth approximately $134,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Select Water Solutions Stock Down 2.8 %

Shares of NYSE WTTR opened at $10.61 on Thursday. The stock has a market cap of $1.27 billion, a PE ratio of 35.35 and a beta of 1.77. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 12-month low of $8.60 and a 12-month high of $15.14. The company has a 50-day moving average of $11.98 and a 200 day moving average of $12.36.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results 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). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The company had revenue of $349.05 million during the quarter, compared to analysts’ expectations of $333.62 million. As a group, sell-side analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is presently 93.33%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the transaction, the chief executive officer now directly owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.