11,676 Shares in Select Water Solutions, Inc. (NYSE:WTTR) Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. acquired a new position in Select Water Solutions, Inc. (NYSE:WTTR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,676 shares of the company’s stock, valued at approximately $123,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC bought a new position in shares of Select Water Solutions during the 4th quarter valued at about $154,000. Swiss National Bank increased its holdings in shares of Select Water Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 181,900 shares of the company’s stock worth $2,408,000 after acquiring an additional 1,400 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Select Water Solutions by 766.8% during the 1st quarter. GAMMA Investing LLC now owns 36,015 shares of the company’s stock worth $378,000 after acquiring an additional 31,860 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Select Water Solutions during the 4th quarter worth approximately $192,000. Finally, Bank of America Corp DE grew its holdings in Select Water Solutions by 29.5% in the 4th quarter. Bank of America Corp DE now owns 247,914 shares of the company’s stock valued at $3,282,000 after buying an additional 56,478 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Price Performance

Shares of NYSE WTTR opened at $9.30 on Tuesday. The firm has a market capitalization of $1.12 billion, a P/E ratio of 27.34 and a beta of 1.20. The company has a quick ratio of 1.67, a current ratio of 1.83 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $8.71 and its two-hundred day simple moving average is $10.36. Select Water Solutions, Inc. has a twelve month low of $7.20 and a twelve month high of $15.14.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, topping 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%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS. As a group, equities analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.28 annualized dividend and a yield of 3.01%. Select Water Solutions’s payout ratio is 82.35%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup dropped their price objective 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 Financial lowered their target price on Select Water Solutions from $19.00 to $16.00 and set a “strong-buy” rating for the company in a report on Friday, May 9th.

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.