Swiss National Bank Sells 11,900 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Swiss National Bank lowered its position in Select Water Solutions, Inc. (NYSE:WTTRFree Report) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,800 shares of the company’s stock after selling 11,900 shares during the period. Swiss National Bank owned 0.14% of Select Water Solutions worth $1,319,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Select Water Solutions in the 3rd quarter worth approximately $28,000. New York State Teachers Retirement System acquired a new stake in Select Water Solutions during the 4th quarter worth $54,000. Principal Financial Group Inc. acquired a new stake in Select Water Solutions during the 3rd quarter worth $95,000. Clough Capital Partners L P acquired a new position in shares of Select Water Solutions in the 3rd quarter valued at $112,000. Finally, Mackenzie Financial Corp grew its holdings in shares of Select Water Solutions by 15.2% in the 4th quarter. Mackenzie Financial Corp now owns 14,931 shares of the company’s stock valued at $113,000 after buying an additional 1,973 shares during the period. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Trading Up 2.9 %

WTTR opened at $10.91 on Wednesday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 16.78 and a beta of 1.65. Select Water Solutions, Inc. has a 12 month low of $6.78 and a 12 month high of $10.90. The firm’s fifty day simple moving average is $9.52 and its 200 day simple moving average is $8.35. The company has a current ratio of 1.94, a quick ratio of 1.76 and a debt-to-equity ratio of 0.08.

Select Water Solutions (NYSE:WTTRGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $366.60 million during the quarter, compared to the consensus estimate of $369.29 million. Select Water Solutions had a net margin of 4.28% and a return on equity of 7.46%. The company’s revenue was down 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. As a group, research analysts anticipate that Select Water Solutions, Inc. will post 0.53 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.24 annualized dividend and a yield of 2.20%. Select Water Solutions’s dividend payout ratio (DPR) is presently 36.92%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WTTR shares. Northland Securities started coverage on shares of 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. Citigroup raised shares of Select Water Solutions from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a report on Thursday, May 9th.

View Our Latest Stock Report on Select Water Solutions

Insiders Place Their Bets

In other Select Water Solutions news, CAO Brian Szymanski sold 8,080 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $8.33, for a total transaction of $67,306.40. Following the sale, the chief accounting officer now directly owns 84,304 shares of the company’s stock, valued at approximately $702,252.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Michael Skarke sold 13,421 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $9.78, for a total value of $131,257.38. Following the sale, the chief operating officer now directly owns 380,981 shares of the company’s stock, valued at approximately $3,725,994.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Brian Szymanski sold 8,080 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $8.33, for a total transaction of $67,306.40. Following the completion of the sale, the chief accounting officer now directly owns 84,304 shares in the company, valued at $702,252.32. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

About Select Water Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Select Water Solutions (NYSE:WTTR)

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