Systematic Financial Management LP Has $14.46 Million Stake in Select Water Solutions, Inc. $WTTR

Systematic Financial Management LP lifted its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,374,163 shares of the company’s stock after purchasing an additional 52,182 shares during the period. Systematic Financial Management LP’s holdings in Select Water Solutions were worth $14,456,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WTTR. Royal Bank of Canada lifted its position 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 worth $5,582,000 after purchasing an additional 48,896 shares in the last quarter. 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 lifted its position in shares of Select Water Solutions by 466.8% during the first quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock worth $10,236,000 after purchasing an additional 802,833 shares in the last quarter. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 6,980 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted 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 in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Stock Down 0.0%

Shares of NYSE:WTTR opened at $19.28 on Monday. Select Water Solutions, Inc. has a 52 week low of $7.82 and a 52 week high of $20.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 1.92. The company has a market capitalization of $2.66 billion, a PE ratio of 91.80 and a beta of 0.99. The company has a 50 day moving average price of $16.15 and a two-hundred day moving average price of $13.24.

Select Water Solutions (NYSE:WTTR) last issued its 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 firm had revenue of $365.96 million during the quarter, compared to the consensus estimate of $344.63 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts forecast that Select Water Solutions, Inc. will post 0.29 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Thursday, April 30th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, April 30th. Select Water Solutions’s dividend payout ratio is presently 133.33%.

Insider Activity

In other Select Water Solutions news, COO Michael Skarke sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $17.78, for a total value of $355,600.00. Following the completion of the sale, the chief operating officer owned 360,738 shares of the company’s stock, valued at approximately $6,413,921.64. This represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Alan Burnett sold 45,316 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $18.74, for a total transaction of $849,221.84. Following the sale, the director directly owned 71,578 shares of the company’s stock, valued at $1,341,371.72. This represents a 38.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,010 shares of company stock worth $3,925,971 over the last three months. Company insiders own 6.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WTTR shares. Raymond James Financial reiterated a “strong-buy” rating and set a $24.00 target price on shares of Select Water Solutions in a research report on Thursday, May 7th. Northland Securities set a $21.00 price target on shares of Select Water Solutions in a research note on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research note on Wednesday, April 8th. Piper Sandler boosted their price target on shares of Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Wall Street Zen raised shares of Select Water Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Select Water Solutions has an average rating of “Buy” and an average price target of $22.50.

Select Water Solutions Profile

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.