AlphaQuest LLC Sells 40,719 Shares of Select Water Solutions, Inc. $WTTR

AlphaQuest LLC reduced its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 76.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,213 shares of the company’s stock after selling 40,719 shares during the period. AlphaQuest LLC’s holdings in Select Water Solutions were worth $131,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Select Water Solutions by 10.1% during the first quarter. Royal Bank of Canada now owns 531,681 shares of the company’s stock valued at $5,582,000 after purchasing an additional 48,896 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Select Water Solutions by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,221 shares of the company’s stock valued at $569,000 after buying an additional 2,356 shares during the last quarter. Millennium Management LLC grew its holdings in Select Water Solutions by 466.8% during the 1st quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock valued at $10,236,000 after buying an additional 802,833 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Select Water Solutions by 5,584.0% during the 1st quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock valued at $75,000 after buying an additional 6,980 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Select Water Solutions by 90.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,212,008 shares of the company’s stock worth $12,726,000 after acquiring an additional 576,660 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling at Select Water Solutions

In related news, CEO John Schmitz sold 33,916 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $13.03, for a total value of $441,925.48. Following the completion of the sale, the chief executive officer owned 249,243 shares in the company, valued at approximately $3,247,636.29. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 332,250 shares of company stock worth $3,803,896 over the last ninety days. Insiders own 8.40% of the company’s stock.

Select Water Solutions Trading Down 4.7%

NYSE WTTR opened at $12.38 on Friday. The stock has a market cap of $1.50 billion, a PE ratio of 65.16 and a beta of 1.03. Select Water Solutions, Inc. has a 12 month low of $7.20 and a 12 month high of $13.50. The company’s 50-day moving average price is $11.46 and its 200-day moving average price is $10.43. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, February 6th. Select Water Solutions’s payout ratio is currently 147.37%.

Analysts Set New Price Targets

A number of research analysts have recently commented on WTTR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research report on Friday, January 9th. Piper Sandler set a $14.00 price objective on shares of Select Water Solutions in a research report on Thursday, December 18th. Raymond James Financial reissued 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 Securities downgraded shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Thursday, November 13th. Finally, Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Select Water Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.