Royce & Associates LP Buys 283,315 Shares of Select Water Solutions, Inc. $WTTR

Royce & Associates LP increased its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 14.0% during the 3rd quarter, Holdings Channel reports. The fund owned 2,304,058 shares of the company’s stock after acquiring an additional 283,315 shares during the period. Royce & Associates LP’s holdings in Select Water Solutions were worth $24,630,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WTTR. Royal Bank of Canada raised its holdings in shares of Select Water Solutions by 10.1% during the first quarter. Royal Bank of Canada now owns 531,681 shares of the company’s stock valued at $5,582,000 after purchasing an additional 48,896 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Select Water Solutions by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,221 shares of the company’s stock worth $569,000 after buying an additional 2,356 shares during the period. Millennium Management LLC boosted its holdings in Select Water Solutions by 466.8% in the first quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock worth $10,236,000 after acquiring an additional 802,833 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Select Water Solutions by 5,584.0% in the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock valued at $75,000 after acquiring an additional 6,980 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Select Water Solutions by 90.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,212,008 shares of the company’s stock worth $12,726,000 after purchasing an additional 576,660 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Price Performance

Shares of NYSE:WTTR opened at $13.69 on Monday. Select Water Solutions, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $15.45. The company’s 50-day moving average is $12.02 and its 200 day moving average is $10.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.57. The company has a market capitalization of $1.66 billion, a P/E ratio of 65.17 and a beta of 0.98.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.21). The firm had revenue of $346.50 million during the quarter, compared to analysts’ expectations of $320.85 million. Select Water Solutions had a net margin of 1.51% and a return on equity of 2.30%. Select Water Solutions’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.02) EPS. On average, equities research analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th were given a dividend of $0.07 per share. The ex-dividend date was Friday, February 6th. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. Select Water Solutions’s dividend payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

WTTR has been the topic of a number of recent research reports. Citigroup raised their price objective on shares of Select Water Solutions from $15.00 to $16.50 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler upped their price target on Select Water Solutions from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday. Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $16.00 price target on shares of Select Water Solutions in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $16.63.

Insider Activity

In related news, CEO John Schmitz sold 33,916 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $13.03, for a total transaction of $441,925.48. Following the completion of the transaction, the chief executive officer owned 249,243 shares of the company’s stock, valued at approximately $3,247,636.29. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 332,250 shares of company stock valued at $3,803,896 over the last quarter. Corporate insiders own 7.60% of the company’s stock.

About Select Water Solutions

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.