Deprince Race & Zollo Inc. Has $40.45 Million Stock Position in Select Water Solutions, Inc. $WTTR

Deprince Race & Zollo Inc. grew its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 1,334.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,783,865 shares of the company’s stock after acquiring an additional 3,520,091 shares during the period. Deprince Race & Zollo Inc. owned about 3.12% of Select Water Solutions worth $40,450,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in Select Water Solutions by 160.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock worth $28,000 after purchasing an additional 1,610 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Select Water Solutions by 59.9% in the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after buying an additional 1,830 shares during the period. State of Wyoming raised its position 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 acquiring an additional 1,509 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of 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 acquiring an additional 6,980 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of 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 worth $70,000 after acquiring an additional 6,446 shares during the period. Institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

WTTR has been the subject of several analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $16.00 price target on shares of Select Water Solutions in a report on Wednesday, November 5th. Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a research note on Saturday. Piper Sandler set a $14.00 target price on shares of Select Water Solutions in a report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research report on Tuesday, October 14th. Finally, Northland Securities downgraded Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Insider Buying and Selling at Select Water Solutions

In other news, CEO John Schmitz sold 211,118 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $11.15, for a total transaction of $2,353,965.70. Following the transaction, the chief executive officer directly owned 32,687 shares of the company’s stock, valued at $364,460.05. This represents a 86.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 443,187 shares of company stock worth $4,927,971 over the last quarter. 8.40% of the stock is owned by corporate insiders.

Select Water Solutions Trading Down 0.1%

WTTR opened at $10.68 on Friday. The company has a fifty day moving average price of $10.82 and a two-hundred day moving average price of $9.84. Select Water Solutions, Inc. has a 1-year low of $7.20 and a 1-year high of $14.65. The company has a market cap of $1.29 billion, a P/E ratio of 56.19 and a beta of 0.97. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The company had revenue of $322.24 million for the quarter, compared to analysts’ expectations of $306.39 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’s revenue was down 13.2% on a year-over-year basis. Analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, November 7th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, November 7th. This represents a $0.28 annualized dividend and a dividend yield of 2.6%. Select Water Solutions’s payout ratio is currently 147.37%.

Select Water Solutions Company Profile

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.