Select Water Solutions, Inc. (NYSE:WTTR) Stock Holdings Increased by Webs Creek Capital Management LP

Webs Creek Capital Management LP lifted its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 16.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,208,733 shares of the company’s stock after purchasing an additional 306,547 shares during the period. Select Water Solutions comprises about 8.2% of Webs Creek Capital Management LP’s holdings, making the stock its 8th largest holding. Webs Creek Capital Management LP owned about 1.86% of Select Water Solutions worth $20,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Comerica Bank lifted its stake in Select Water Solutions by 5,815.5% in the first quarter. Comerica Bank now owns 35,079 shares of the company’s stock worth $324,000 after acquiring an additional 34,486 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Select Water Solutions by 94.7% during the 1st quarter. Janus Henderson Group PLC now owns 54,711 shares of the company’s stock worth $505,000 after purchasing an additional 26,608 shares during the last quarter. Caxton Associates LP acquired a new position in shares of Select Water Solutions during the first quarter worth $495,000. Gendell Jeffrey L increased its holdings in Select Water Solutions by 1.8% in the first quarter. Gendell Jeffrey L now owns 1,141,189 shares of the company’s stock valued at $10,533,000 after buying an additional 20,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Select Water Solutions by 15.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,993 shares of the company’s stock valued at $213,000 after buying an additional 3,142 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Select Water Solutions Stock Performance

Shares of WTTR stock traded up $0.38 during trading hours on Thursday, hitting $12.20. The stock had a trading volume of 2,586,242 shares, compared to its average volume of 1,140,641. The stock’s 50 day moving average is $10.69 and its 200 day moving average is $9.40. The firm has a market capitalization of $1.45 billion, a PE ratio of 18.32 and a beta of 1.69. Select Water Solutions, Inc. has a twelve month low of $6.78 and a twelve month high of $12.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.94 and a quick ratio of 1.76.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Select Water Solutions had a net margin of 3.91% and a return on equity of 6.59%. The company had revenue of $365.13 million for the quarter, compared to the consensus estimate of $372.25 million. During the same period last year, the firm posted $0.20 EPS. Select Water Solutions’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, research analysts forecast that Select Water Solutions, Inc. will post 0.53 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 5th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Monday, August 5th. Select Water Solutions’s dividend payout ratio is presently 36.92%.

Analysts Set New Price Targets

WTTR has been the subject of several research analyst reports. Citigroup upgraded shares of Select Water Solutions from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a report on Thursday, May 9th. Northland Securities started coverage on shares of Select Water Solutions in a research note on Monday, April 22nd. They issued a “market perform” rating and a $11.50 price objective for the company.

Insiders Place Their Bets

In other news, COO Michael Skarke sold 13,421 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $9.78, for a total transaction of $131,257.38. Following the completion of the sale, the chief operating officer now owns 380,981 shares in the company, valued at $3,725,994.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.40% of the stock is owned by insiders.

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.