Two Sigma Investments LP Lowers Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Two Sigma Investments LP cut its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 9.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,696 shares of the company’s stock after selling 3,049 shares during the period. Two Sigma Investments LP’s holdings in Select Water Solutions were worth $406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. First Trust Advisors LP boosted its holdings in Select Water Solutions by 21.9% in the 4th quarter. First Trust Advisors LP now owns 6,828,596 shares of the company’s stock worth $90,411,000 after buying an additional 1,226,061 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Select Water Solutions by 12.6% in the fourth quarter. American Century Companies Inc. now owns 3,174,675 shares of the company’s stock worth $42,033,000 after acquiring an additional 355,271 shares during the last quarter. Webs Creek Capital Management LP boosted its stake in shares of Select Water Solutions by 5.4% in the fourth quarter. Webs Creek Capital Management LP now owns 2,354,742 shares of the company’s stock worth $31,177,000 after acquiring an additional 120,966 shares during the last quarter. Boston Partners increased its position in shares of Select Water Solutions by 4.3% during the fourth quarter. Boston Partners now owns 2,000,352 shares of the company’s stock worth $26,647,000 after purchasing an additional 81,746 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Select Water Solutions by 27.4% in the 4th quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock valued at $26,456,000 after purchasing an additional 430,363 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Stock Down 0.2%

WTTR stock opened at $8.83 on Tuesday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 29.43 and a beta of 1.19. The company has a fifty day moving average price of $8.41 and a 200 day moving average price of $11.16. 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 12 month low of $7.20 and a 12 month high of $15.14.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The company had revenue of $374.38 million for the quarter, compared to analysts’ expectations of $360.78 million. During the same period in the previous year, the company posted $0.04 EPS. Select Water Solutions’s revenue was up 2.2% compared to the same quarter last year. Sell-side analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, May 6th. Select Water Solutions’s dividend payout ratio (DPR) is 82.35%.

Analysts Set New Price Targets

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

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.