Select Water Solutions, Inc. $WTTR Stake Lowered by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. cut its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 22.3% during the first quarter, HoldingsChannel reports. The fund owned 114,979 shares of the company’s stock after selling 33,004 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Select Water Solutions were worth $1,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WTTR. Wilmington Savings Fund Society FSB acquired a new stake in Select Water Solutions during the third quarter valued at $29,000. Osaic Holdings Inc. increased its position in Select Water Solutions by 59.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after purchasing an additional 1,830 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Select Water Solutions by 2,704.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock worth $60,000 after purchasing an additional 5,408 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of 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 worth $75,000 after purchasing an additional 6,980 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Select Water Solutions by 190.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,916 shares of the company’s stock worth $77,000 after purchasing an additional 5,847 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Select Water Solutions Stock Down 0.1%

NYSE WTTR opened at $17.97 on Friday. Select Water Solutions, Inc. has a 1-year low of $7.86 and a 1-year high of $20.48. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 85.57 and a beta of 0.98. The stock’s 50 day moving average is $18.33 and its two-hundred day moving average is $14.90. The company has a current ratio of 1.92, a quick ratio of 1.76 and a debt-to-equity ratio of 0.18.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $365.96 million during the quarter, compared to analysts’ expectations of $344.63 million. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.Select Water Solutions’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. Equities analysts forecast that Select Water Solutions, Inc. will post 0.45 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

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

Insider Activity

In other news, Director Robin H. Fielder sold 27,010 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $16.80, for a total transaction of $453,768.00. Following the completion of the sale, the director owned 43,315 shares of the company’s stock, valued at approximately $727,692. This trade represents a 38.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Michael Skarke sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $17.78, for a total value of $355,600.00. Following the completion of the transaction, the chief operating officer directly owned 360,738 shares in the company, valued at $6,413,921.64. The trade was a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 222,010 shares of company stock worth $3,925,971. Company insiders own 6.20% of the company’s stock.

Analysts Set New Price Targets

WTTR has been the subject of several research reports. Citigroup lifted their price target on Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Raymond James Financial restated a “strong-buy” rating and issued a $24.00 price objective on shares of Select Water Solutions in a report on Thursday, May 7th. Bank of America initiated coverage on shares of Select Water Solutions in a research report on Friday, May 29th. They set a “buy” rating and a $22.00 price objective on the stock. Northland Securities set a $21.00 target price on shares of Select Water Solutions in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average 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.