Wells Fargo & Company MN Acquires 173,475 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Wells Fargo & Company MN increased its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 284.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 234,356 shares of the company’s stock after acquiring an additional 173,475 shares during the quarter. Wells Fargo & Company MN owned about 0.20% of Select Water Solutions worth $3,103,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its holdings in Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock valued at $67,000 after buying an additional 1,007 shares during the period. Amundi boosted its stake in shares of Select Water Solutions by 83.8% during the 4th quarter. Amundi now owns 9,010 shares of the company’s stock worth $119,000 after purchasing an additional 4,109 shares during the period. Truist Financial Corp bought a new position in Select Water Solutions during the 4th quarter valued at about $134,000. Atria Investments Inc purchased a new stake in Select Water Solutions in the 4th quarter worth about $134,000. Finally, James Investment Research Inc. bought a new stake in Select Water Solutions in the fourth quarter worth about $137,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup increased their target price on Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, January 10th.

Insider Activity at Select Water Solutions

In other news, CEO John Schmitz sold 73,450 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the transaction, the chief executive officer now owns 2,825,128 shares in the company, valued at $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.40% of the stock is currently owned by corporate insiders.

Select Water Solutions Stock Up 1.0 %

Shares of NYSE WTTR opened at $8.49 on Thursday. Select Water Solutions, Inc. has a 12-month low of $7.58 and a 12-month high of $15.14. The stock’s fifty day simple moving average is $10.06 and its two-hundred day simple moving average is $12.01. The stock has a market capitalization of $1.01 billion, a PE ratio of 28.30 and a beta of 1.51. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The firm had revenue of $349.05 million for the quarter, compared to analysts’ expectations of $333.62 million. As a group, analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

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.