EVR Research LP Has $5.26 Million Stock Position in Select Water Solutions, Inc. $WTTR

EVR Research LP lowered its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 44.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 500,000 shares of the company’s stock after selling 400,000 shares during the period. Select Water Solutions makes up 2.8% of EVR Research LP’s investment portfolio, making the stock its 15th biggest holding. EVR Research LP’s holdings in Select Water Solutions were worth $5,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in WTTR. Wilmington Savings Fund Society FSB acquired a new position in shares of Select Water Solutions during the third quarter valued at about $29,000. Osaic Holdings Inc. raised its holdings in shares of Select Water Solutions by 59.9% during the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after purchasing an additional 1,830 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Select Water Solutions by 2,704.0% during the third quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after purchasing an additional 5,408 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Select Water Solutions by 5,584.0% during the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock valued at $75,000 after purchasing an additional 6,980 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Select Water Solutions by 190.5% during the second quarter. Tower Research Capital LLC TRC now owns 8,916 shares of the company’s stock valued at $77,000 after purchasing an additional 5,847 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Activity

In other Select Water Solutions news, Director Robin H. Fielder sold 27,010 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $16.80, for a total value of $453,768.00. Following the completion of the sale, the director directly owned 43,315 shares of the company’s stock, valued at approximately $727,692. This represents a 38.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Alan Burnett sold 45,316 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $18.74, for a total transaction of $849,221.84. Following the completion of the sale, the director directly owned 71,578 shares of the company’s stock, valued at $1,341,371.72. The trade was a 38.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 222,010 shares of company stock valued at $3,925,971. 6.20% of the stock is currently owned by company insiders.

Select Water Solutions Trading Down 1.0%

WTTR opened at $18.02 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.76. Select Water Solutions, Inc. has a fifty-two week low of $7.86 and a fifty-two week high of $20.48. The firm has a market capitalization of $2.49 billion, a PE ratio of 85.79 and a beta of 1.00. The company’s 50-day moving average is $17.49 and its 200 day moving average is $14.27.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The company had revenue of $365.96 million for the quarter, compared to analyst estimates of $344.63 million. During the same quarter in the prior year, the business posted $0.08 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts predict that Select Water Solutions, Inc. will post 0.38 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Thursday, April 30th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, April 30th. Select Water Solutions’s dividend payout ratio is currently 133.33%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WTTR. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Wednesday, April 8th. Wall Street Zen lowered shares of Select Water Solutions from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Zacks Research upgraded shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Raymond James Financial restated a “strong-buy” rating and issued a $24.00 target price on shares of Select Water Solutions in a report on Thursday, May 7th. Finally, Piper Sandler upped their target price on shares of Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $22.40.

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.