Royce & Associates LP Purchases 283,315 Shares of Select Water Solutions, Inc. $WTTR

Royce & Associates LP grew its position in Select Water Solutions, Inc. (NYSE:WTTR) by 14.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,304,058 shares of the company’s stock after buying an additional 283,315 shares during the quarter. Royce & Associates LP owned 1.90% of Select Water Solutions worth $24,630,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WTTR. Deprince Race & Zollo Inc. raised its position in Select Water Solutions by 1,334.5% during the third quarter. Deprince Race & Zollo Inc. now owns 3,783,865 shares of the company’s stock valued at $40,450,000 after purchasing an additional 3,520,091 shares in the last quarter. Millennium Management LLC grew its position in Select Water Solutions by 466.8% in the first quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock valued at $10,236,000 after acquiring an additional 802,833 shares during the last quarter. CenterBook Partners LP raised its stake in Select Water Solutions by 504.8% during the second quarter. CenterBook Partners LP now owns 959,272 shares of the company’s stock worth $8,288,000 after acquiring an additional 800,656 shares in the last quarter. Cannell Capital LLC acquired a new stake in shares of Select Water Solutions in the 2nd quarter valued at approximately $5,813,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Select Water Solutions by 90.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,212,008 shares of the company’s stock valued at $12,726,000 after purchasing an additional 576,660 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John Schmitz sold 33,916 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $13.03, for a total value of $441,925.48. Following the transaction, the chief executive officer directly owned 249,243 shares of the company’s stock, valued at $3,247,636.29. The trade was a 11.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 332,250 shares of company stock worth $3,803,896. Company insiders own 7.60% of the company’s stock.

Select Water Solutions Trading Down 1.2%

Shares of WTTR stock opened at $13.69 on Monday. Select Water Solutions, Inc. has a 1-year low of $7.20 and a 1-year high of $15.45. The company has a current ratio of 1.57, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 65.17 and a beta of 0.98. The stock has a 50-day moving average of $12.02 and a 200-day moving average of $10.80.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, February 17th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.21). Select Water Solutions had a net margin of 1.51% and a return on equity of 2.30%. The company had revenue of $346.50 million during the quarter, compared to the consensus estimate of $320.85 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. The business’s revenue was down .7% on a year-over-year basis. On average, equities research analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Friday, February 6th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. Select Water Solutions’s dividend payout ratio is 133.33%.

Analyst Upgrades and Downgrades

WTTR has been the topic of a number of research analyst reports. Piper Sandler raised their target price on shares of Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup raised their price objective on Select Water Solutions from $15.00 to $16.50 and gave the company a “buy” rating in a report on Thursday. Wall Street Zen upgraded Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $16.00 target price on shares of Select Water Solutions in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Select Water Solutions currently has an average rating of “Buy” and a consensus target price of $16.63.

Select Water Solutions 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.