Select Water Solutions, Inc. $WTTR Shares Sold by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC reduced its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 15.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 197,362 shares of the company’s stock after selling 36,284 shares during the period. Villanova Investment Management Co LLC’s holdings in Select Water Solutions were worth $2,076,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Select Water Solutions in the third quarter valued at about $29,000. Osaic Holdings Inc. boosted its stake in shares of Select Water Solutions by 59.9% during the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after buying an additional 1,830 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Select Water Solutions by 2,704.0% during the third quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock worth $60,000 after buying an additional 5,408 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Select Water Solutions by 5,584.0% during the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock worth $75,000 after buying an additional 6,980 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Select Water Solutions by 190.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,916 shares of the company’s stock valued at $77,000 after acquiring an additional 5,847 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Robin H. Fielder sold 27,010 shares of Select Water Solutions stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $16.80, for a total value of $453,768.00. Following the sale, the director directly owned 43,315 shares in the company, valued at $727,692. The trade was a 38.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian Szymanski sold 20,000 shares of Select Water Solutions stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $17.04, for a total value of $340,800.00. Following the completion of the sale, the chief accounting officer owned 114,752 shares in the company, valued at approximately $1,955,374.08. This trade represents a 14.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 222,010 shares of company stock valued at $3,925,971. Corporate insiders own 6.20% of the company’s stock.

Select Water Solutions Trading Down 1.6%

Shares of Select Water Solutions stock opened at $17.75 on Friday. Select Water Solutions, Inc. has a 52-week low of $7.86 and a 52-week high of $20.48. The company has a quick ratio of 1.76, a current ratio of 1.92 and a debt-to-equity ratio of 0.18. The company’s 50-day simple moving average is $17.54 and its 200-day simple moving average is $14.33. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 84.55 and a beta of 1.00.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The firm had revenue of $365.96 million during the quarter, compared to analysts’ expectations of $344.63 million. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share. As a group, equities research analysts anticipate that Select Water Solutions, Inc. will post 0.38 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Thursday, April 30th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, April 30th. This represents a $0.28 annualized dividend and a yield of 1.6%. Select Water Solutions’s payout ratio is presently 133.33%.

Analysts Set New Price Targets

Several analysts have commented on WTTR shares. Piper Sandler upped their price objective on Select Water Solutions from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research note on Wednesday, April 8th. Citigroup boosted their target price on Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Zacks Research raised Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Finally, Bank of America assumed coverage on Select Water Solutions in a research note on Friday, May 29th. They set a “buy” rating and a $22.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Select Water Solutions currently has a consensus rating of “Buy” and a consensus price target of $22.40.

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.