American Century Companies Inc. Has $31.63 Million Stock Position in Select Water Solutions, Inc. $WTTR

American Century Companies Inc. boosted its position in Select Water Solutions, Inc. (NYSE:WTTR) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,660,705 shares of the company’s stock after purchasing an additional 142,449 shares during the period. American Century Companies Inc. owned 3.05% of Select Water Solutions worth $31,628,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WTTR. State of Wyoming grew its holdings in shares of Select Water Solutions by 34.1% during the first quarter. State of Wyoming now owns 5,932 shares of the company’s stock worth $62,000 after purchasing an additional 1,509 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Select Water Solutions by 5,584.0% in the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock worth $75,000 after purchasing an additional 6,980 shares during the period. Creative Financial Designs Inc. ADV increased its stake in Select Water Solutions by 380.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 8,140 shares of the company’s stock valued at $70,000 after purchasing an additional 6,446 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Select Water Solutions during the first quarter valued at about $155,000. Finally, Petrus Trust Company LTA acquired a new position in shares of Select Water Solutions during the first quarter valued at about $179,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Select Water Solutions

In other news, CEO John Schmitz sold 152,173 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $11.04, for a total transaction of $1,679,989.92. Following the sale, the chief executive officer owned 39,646 shares in the company, valued at approximately $437,691.84. This trade represents a 79.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research note on Tuesday, October 14th. Raymond James Financial reiterated a “strong-buy” rating and issued a $16.00 price objective on shares of Select Water Solutions in a research note on Wednesday, November 5th. Northland Capmk lowered Select Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Wall Street Zen lowered shares of Select Water Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Northland Securities cut Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Select Water Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Select Water Solutions Price Performance

Select Water Solutions stock opened at $10.10 on Friday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 53.16 and a beta of 1.18. The company has a quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.31. The business has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $9.50. Select Water Solutions, Inc. has a 52 week low of $7.20 and a 52 week high of $15.14.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Select Water Solutions had a return on equity of 2.26% and a net margin of 1.41%.The firm had revenue of $322.24 million during the quarter, compared to the consensus estimate of $306.39 million. During the same quarter last year, the company posted $0.15 EPS. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, research analysts forecast 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 Monday, November 17th. Shareholders of record on Friday, November 7th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, November 7th. Select Water Solutions’s payout ratio is currently 147.37%.

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.