Select Water Solutions, Inc. (NYSE:WTTR) Position Increased by Cinctive Capital Management LP

Cinctive Capital Management LP boosted its holdings in Select Water Solutions, Inc. (NYSE:WTTR) by 55.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,500 shares of the company’s stock after acquiring an additional 27,500 shares during the period. Cinctive Capital Management LP owned about 0.06% of Select Water Solutions worth $1,026,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in WTTR. Villanova Investment Management Co LLC boosted its position in Select Water Solutions by 10.7% during the 4th quarter. Villanova Investment Management Co LLC now owns 201,680 shares of the company’s stock valued at $2,670,000 after purchasing an additional 19,534 shares during the period. Pier 88 Investment Partners LLC acquired a new position in shares of Select Water Solutions during the fourth quarter valued at $615,000. O Shaughnessy Asset Management LLC grew its position in shares of Select Water Solutions by 22.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 280,946 shares of the company’s stock worth $3,720,000 after acquiring an additional 51,490 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Select Water Solutions in the 4th quarter worth about $1,664,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Select Water Solutions by 254.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 524,354 shares of the company’s stock valued at $6,942,000 after purchasing an additional 376,218 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO John Schmitz sold 26,550 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total value of $349,398.00. Following the transaction, the chief executive officer now directly owns 2,898,578 shares in the company, valued at $38,145,286.48. This trade represents a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Select Water Solutions Stock Performance

Select Water Solutions stock opened at $9.55 on Friday. 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 company has a market cap of $1.14 billion, a P/E ratio of 31.84 and a beta of 1.51. Select Water Solutions, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $15.14. The firm’s 50 day simple moving average is $11.56 and its 200-day simple moving average is $12.34.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The business had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. As a group, equities research analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s payout ratio is presently 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.