Raymond James Financial Services Advisors Inc. Buys Shares of 26,053 Select Water Solutions, Inc. (NYSE:WTTR)

Raymond James Financial Services Advisors Inc. bought a new stake in Select Water Solutions, Inc. (NYSE:WTTR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 26,053 shares of the company’s stock, valued at approximately $198,000.

Several other institutional investors also recently bought and sold shares of the company. Raymond James & Associates acquired a new stake in Select Water Solutions in the fourth quarter valued at approximately $340,000. SG Americas Securities LLC acquired a new stake in Select Water Solutions in the fourth quarter valued at approximately $242,000. North Star Investment Management Corp. acquired a new stake in Select Water Solutions in the fourth quarter valued at approximately $918,000. Vanguard Group Inc. boosted its stake in Select Water Solutions by 10.1% in the third quarter. Vanguard Group Inc. now owns 5,063,979 shares of the company’s stock valued at $40,259,000 after acquiring an additional 464,946 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Select Water Solutions by 19.0% during the third quarter. Wellington Management Group LLP now owns 4,553,352 shares of the company’s stock worth $36,199,000 after buying an additional 728,101 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Select Water Solutions

In related news, SVP Christopher Kile George sold 23,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $8.63, for a total transaction of $198,490.00. Following the completion of the transaction, the senior vice president now directly owns 255,587 shares in the company, valued at $2,205,715.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Christopher Kile George sold 23,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $8.63, for a total transaction of $198,490.00. Following the completion of the transaction, the senior vice president now directly owns 255,587 shares in the company, valued at $2,205,715.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian Szymanski sold 8,080 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $8.33, for a total transaction of $67,306.40. Following the transaction, the chief accounting officer now owns 84,304 shares of the company’s stock, valued at $702,252.32. The disclosure for this sale can be found here. Insiders sold 46,511 shares of company stock worth $398,053 over the last three months. Company insiders own 8.10% of the company’s stock.

Select Water Solutions Trading Down 0.4 %

NYSE:WTTR opened at $9.36 on Thursday. Select Water Solutions, Inc. has a 12 month low of $6.78 and a 12 month high of $9.74. The firm has a fifty day simple moving average of $8.87 and a 200-day simple moving average of $7.94. The company has a market capitalization of $1.11 billion, a P/E ratio of 12.82 and a beta of 1.66.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.16 by $0.11. Select Water Solutions had a net margin of 4.69% and a return on equity of 8.46%. The business had revenue of $374.90 million during the quarter, compared to the consensus estimate of $378.12 million. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. Equities analysts forecast that Select Water Solutions, Inc. will post 0.73 EPS for the current year.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.24 dividend on an annualized basis and a yield of 2.57%. Select Water Solutions’s dividend payout ratio is presently 32.88%.

Analysts Set New Price Targets

Separately, Northland Securities initiated coverage on shares of Select Water Solutions in a research note on Monday. They set a “market perform” rating and a $11.50 price objective for the company.

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.