44,734 Shares in Select Water Solutions, Inc. (NYSE:WTTR) Bought by Raymond James & Associates

Raymond James & Associates bought a new position in Select Water Solutions, Inc. (NYSE:WTTR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 44,734 shares of the company’s stock, valued at approximately $340,000.

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Select Water Solutions in the 3rd quarter valued at $28,000. Principal Financial Group Inc. acquired a new stake in Select Water Solutions in the 3rd quarter valued at $95,000. Mackenzie Financial Corp acquired a new stake in Select Water Solutions in the 3rd quarter valued at $100,000. Clough Capital Partners L P acquired a new stake in Select Water Solutions in the 3rd quarter valued at $112,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Select Water Solutions in the 3rd quarter valued at $179,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Northland Securities assumed coverage on Select Water Solutions in a report on Monday, April 22nd. They issued a “market perform” rating and a $11.50 price target for the company.

Insider Activity

In other news, SVP Christopher Kile George sold 23,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total transaction of $198,490.00. Following the completion of the sale, the senior vice president now directly owns 255,587 shares in the company, valued at $2,205,715.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Christopher Kile George sold 23,000 shares of Select Water Solutions stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total value 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 can be accessed through the SEC website. Also, CAO Brian Szymanski sold 6,422 shares of Select Water Solutions stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the completion of the transaction, the chief accounting officer now owns 95,936 shares of the company’s stock, valued at $825,049.60. The disclosure for this sale can be found here. Insiders sold 46,511 shares of company stock worth $398,053 over the last ninety days. Corporate insiders own 8.40% of the company’s stock.

Select Water Solutions Price Performance

Shares of Select Water Solutions stock opened at $9.48 on Monday. The business has a 50-day moving average of $8.97 and a 200-day moving average of $7.98. The company has a market capitalization of $1.12 billion, a PE ratio of 12.99 and a beta of 1.66. Select Water Solutions, Inc. has a 1-year low of $6.78 and a 1-year high of $9.74.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, February 20th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.11. The company had revenue of $374.90 million during the quarter, compared to the consensus estimate of $378.12 million. Select Water Solutions had a return on equity of 8.46% and a net margin of 4.69%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. On average, equities analysts expect that Select Water Solutions, Inc. will post 0.7 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.24 annualized dividend and a dividend yield of 2.53%. Select Water Solutions’s dividend payout ratio is presently 32.88%.

About Select Water Solutions

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.