Select Water Solutions, Inc. $WTTR Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC increased its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 17.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,734 shares of the company’s stock after buying an additional 40,262 shares during the period. Sterling Capital Management LLC’s holdings in Select Water Solutions were worth $4,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WTTR. Royal Bank of Canada boosted its position in shares of Select Water Solutions by 10.1% during the 1st quarter. Royal Bank of Canada now owns 531,681 shares of the company’s stock worth $5,582,000 after purchasing an additional 48,896 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Select Water Solutions by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,221 shares of the company’s stock worth $569,000 after purchasing an additional 2,356 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Select Water Solutions by 466.8% in the first quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock valued at $10,236,000 after purchasing an additional 802,833 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of 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 purchasing an additional 6,980 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Select Water Solutions by 90.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,212,008 shares of the company’s stock valued at $12,726,000 after purchasing an additional 576,660 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Activity at Select Water Solutions

In related news, CAO Brian Szymanski sold 20,000 shares of Select Water Solutions stock in a transaction on Monday, May 11th. The shares were sold at an average price of $17.04, for a total transaction of $340,800.00. Following the sale, the chief accounting officer directly owned 114,752 shares in the company, valued at $1,955,374.08. This trade represents a 14.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Alan Burnett sold 45,316 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $18.74, for a total transaction of $849,221.84. Following the completion of the sale, the director directly owned 71,578 shares of the company’s stock, valued at approximately $1,341,371.72. This trade represents a 38.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, 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 Price Performance

WTTR stock opened at $19.61 on Friday. The business has a 50 day moving average price of $17.98 and a 200 day moving average price of $14.63. 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 stock has a market cap of $2.71 billion, a price-to-earnings ratio of 93.37 and a beta of 1.00. Select Water Solutions, Inc. has a fifty-two week low of $7.86 and a fifty-two week high of $20.48.

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

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Thursday, April 30th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, April 30th. Select Water Solutions’s dividend payout ratio (DPR) is 133.33%.

Wall Street Analyst Weigh In

Several research firms recently commented on WTTR. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research note on Wednesday, April 8th. Wall Street Zen cut Select Water Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Citigroup boosted their price objective on Select Water Solutions from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Northland Securities set a $21.00 target price on shares of Select Water Solutions in a research note on Thursday, May 7th. Finally, Piper Sandler raised their target price on shares of Select Water Solutions from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Two investment 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price 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.