Deutsche Bank AG Increases Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Deutsche Bank AG raised its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 43.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,336 shares of the company’s stock after purchasing an additional 24,518 shares during the quarter. Deutsche Bank AG owned 0.07% of Select Water Solutions worth $1,077,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in shares of Select Water Solutions by 128.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company’s stock valued at $36,000 after acquiring an additional 1,525 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake 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 purchasing an additional 1,007 shares during the last quarter. Amundi increased its holdings in shares of Select Water Solutions by 83.8% in the 4th quarter. Amundi now owns 9,010 shares of the company’s stock worth $119,000 after purchasing an additional 4,109 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Select Water Solutions by 13.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company’s stock worth $126,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in shares of Select Water Solutions in the fourth quarter worth $134,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Stock Performance

NYSE WTTR opened at $8.14 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. Select Water Solutions, Inc. has a 1-year low of $7.20 and a 1-year high of $15.14. The business has a 50 day simple moving average of $8.87 and a two-hundred day simple moving average of $11.59. The stock has a market capitalization of $978.67 million, a PE ratio of 27.14 and a beta of 1.28.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The firm had revenue of $374.38 million during the quarter, compared to analysts’ expectations of $360.78 million. During the same quarter in the previous year, the business earned $0.04 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, research analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.28 dividend on an annualized basis and a yield of 3.44%. Select Water Solutions’s dividend payout ratio is currently 82.35%.

Analysts Set New Price Targets

WTTR has been the subject of a number of research analyst reports. Raymond James reduced their price target on shares of Select Water Solutions from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Friday, May 9th. Citigroup dropped their target price on shares of Select Water Solutions from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th.

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.