Deutsche Bank AG Sells 6,285 Shares of Select Water Solutions, Inc. $WTTR

Deutsche Bank AG decreased its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 7.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 75,051 shares of the company’s stock after selling 6,285 shares during the period. Deutsche Bank AG owned approximately 0.06% of Select Water Solutions worth $788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Select Water Solutions during the 1st quarter valued at $123,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Select Water Solutions during the 4th quarter valued at $154,000. GAMMA Investing LLC raised its position 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 valued at $378,000 after acquiring an additional 31,860 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Select Water Solutions by 57.6% during the 1st quarter. New York State Common Retirement Fund now owns 664,868 shares of the company’s stock valued at $6,981,000 after acquiring an additional 243,114 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Select Water Solutions during the 1st quarter valued at $244,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on WTTR. Raymond James Financial dropped their target price on shares of Select Water Solutions from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Friday, May 9th. Citigroup lowered their price objective on shares of 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. Finally, Piper Sandler started coverage on shares of Select Water Solutions in a research report on Tuesday, July 15th. They issued an “overweight” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $15.00.

Select Water Solutions Price Performance

Shares of NYSE WTTR opened at $8.31 on Tuesday. The firm has a market cap of $1.01 billion, a PE ratio of 26.81 and a beta of 1.26. The company has a current ratio of 2.01, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29. Select Water Solutions, Inc. has a 1-year low of $7.20 and a 1-year high of $15.14. The company has a fifty day moving average price of $8.99 and a 200 day moving average price of $9.37.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The company had revenue of $364.22 million during the quarter, compared to analyst estimates of $362.93 million. Select Water Solutions had a return on equity of 3.69% and a net margin of 2.26%.Select Water Solutions’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. Research 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 announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.28 dividend on an annualized basis and a yield of 3.4%. Select Water Solutions’s dividend payout ratio is presently 90.32%.

Select Water Solutions 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.