Select Water Solutions, Inc. $WTTR Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its holdings in Select Water Solutions, Inc. (NYSE:WTTR) by 7.4% during the third quarter, Holdings Channel reports. The firm owned 1,678,204 shares of the company’s stock after selling 133,953 shares during the quarter. Royce & Associates LP’s holdings in Select Water Solutions were worth $33,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. EagleClaw Capital Managment LLC boosted its position in shares of Select Water Solutions by 5.9% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 39,200 shares of the company’s stock valued at $776,000 after purchasing an additional 2,200 shares in the last quarter. Fifth Third Bancorp grew its stake in Select Water Solutions by 80.2% during the third quarter. Fifth Third Bancorp now owns 92,505 shares of the company’s stock worth $1,831,000 after purchasing an additional 41,160 shares during the period. Alps Advisors Inc. increased its holdings in Select Water Solutions by 16.1% in the third quarter. Alps Advisors Inc. now owns 355,798 shares of the company’s stock worth $7,041,000 after purchasing an additional 49,367 shares in the last quarter. CenterBook Partners LP increased its holdings in Select Water Solutions by 9.3% in the third quarter. CenterBook Partners LP now owns 58,282 shares of the company’s stock worth $1,153,000 after purchasing an additional 4,938 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Select Water Solutions in the third quarter worth approximately $87,000. Institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WTTR shares. UBS Group reissued a “buy” rating and issued a $28.00 price target on shares of Select Water Solutions in a research note on Wednesday, September 30th. Wall Street Zen raised shares of Select Water Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of Select Water Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. JPMorgan Chase & Co. initiated coverage on shares of Select Water Solutions in a research note on Friday, August 21st. They issued an “overweight” rating and a $24.00 price objective for the company. Finally, TD Cowen lowered shares of Select Water Solutions to a “neutral” rating in a research note on Friday, August 21st. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Select Water Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $24.43.

Select Water Solutions Stock Up 0.3%

Shares of NYSE WTTR traded up $0.05 during midday trading on Friday, hitting $16.38. 762,594 shares of the stock traded hands, compared to its average volume of 1,897,527. The company has a market cap of $2.27 billion, a PE ratio of 39.95 and a beta of 0.98. Select Water Solutions, Inc. has a one year low of $9.28 and a one year high of $22.55. The business has a 50 day moving average price of $19.01 and a two-hundred day moving average price of $17.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.40 and a current ratio of 1.61.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Monday, November 9th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Select Water Solutions had a return on equity of 4.60% and a net margin of 3.28%. The firm had revenue of $412.19 million for the quarter, compared to analyst estimates of $397.96 million. During the same period in the previous year, the company earned $0.03 earnings per share. Select Water Solutions’s revenue for the quarter was up 27.9% compared to the same quarter last year. On average, equities analysts predict that Select Water Solutions, Inc. will post 0.54 EPS for the current year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 13th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.28 annualized dividend and a yield of 1.7%. Select Water Solutions’s dividend payout ratio (DPR) is presently 68.29%.

Select Water Solutions Company Profile

Select Water Solutions, Inc. provides water-management and chemical services to oil and natural gas exploration and production companies. Its services support drilling, completions and ongoing production, with a focus on managing water used in and generated by energy operations. The company’s offerings include water sourcing, transfer, treatment, recycling and disposal, as well as water infrastructure such as pipelines and related facilities. It also supplies specialty chemicals and technical services designed for oilfield operations.