Wealth Enhancement Advisory Services LLC Acquires New Position in Select Water Solutions, Inc. (NYSE:WTTR)

Wealth Enhancement Advisory Services LLC bought a new stake in Select Water Solutions, Inc. (NYSE:WTTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,638 shares of the company’s stock, valued at approximately $154,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Select Water Solutions by 5.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 167,503 shares of the company’s stock worth $2,218,000 after buying an additional 9,188 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Select Water Solutions by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 25,697 shares of the company’s stock worth $340,000 after purchasing an additional 8,454 shares during the period. Millennium Management LLC acquired a new stake in shares of Select Water Solutions during the fourth quarter worth about $2,277,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Select Water Solutions by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,865 shares of the company’s stock worth $687,000 after purchasing an additional 1,891 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Select Water Solutions by 43.2% during the fourth quarter. Deutsche Bank AG now owns 81,336 shares of the company’s stock worth $1,077,000 after purchasing an additional 24,518 shares during the period. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Select Water Solutions Stock Up 1.7%

Shares of Select Water Solutions stock opened at $9.33 on Wednesday. The business’s 50 day simple moving average is $8.49 and its 200 day simple moving average is $10.96. Select Water Solutions, Inc. has a 52-week low of $7.20 and a 52-week high of $15.14. The firm has a market cap of $1.12 billion, a PE ratio of 27.43 and a beta of 1.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 1.83.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $374.38 million for the quarter, compared to analyst estimates of $360.78 million. Select Water Solutions had a return on equity of 3.96% and a net margin of 2.42%. Select Water Solutions’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 EPS. On average, analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Tuesday, May 6th. Select Water Solutions’s dividend payout ratio (DPR) is 82.35%.

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.