Select Water Solutions, Inc. $WTTR Stock Sold by Royce & Associates LP

Royce & Associates LP trimmed its position in Select Water Solutions, Inc. (NYSE:WTTR) by 7.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,678,204 shares of the company’s stock after selling 133,953 shares during the period. Royce & Associates LP owned 1.21% of Select Water Solutions worth $33,212,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of WTTR. Dimensional Fund Advisors LP boosted its holdings in shares of Select Water Solutions by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,550,309 shares of the company’s stock valued at $100,220,000 after acquiring an additional 185,821 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its position in Select Water Solutions by 30.4% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,330,000 shares of the company’s stock worth $26,321,000 after acquiring an additional 310,000 shares during the last quarter. Punch & Associates Investment Management Inc. increased its holdings in Select Water Solutions by 1.8% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,528,895 shares of the company’s stock worth $23,392,000 after purchasing an additional 27,704 shares in the last quarter. Empowered Funds LLC increased its holdings in Select Water Solutions by 6.2% in the 1st quarter. Empowered Funds LLC now owns 574,438 shares of the company’s stock worth $8,789,000 after purchasing an additional 33,614 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in Select Water Solutions by 16.1% in the 3rd quarter. Alps Advisors Inc. now owns 355,798 shares of the company’s stock worth $7,041,000 after purchasing an additional 49,367 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Trading Up 0.3%

Shares of NYSE WTTR traded up $0.05 during midday trading on Friday, reaching $16.38. The stock had a trading volume of 762,594 shares, compared to its average volume of 1,897,527. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 39.95 and a beta of 0.98. Select Water Solutions, Inc. has a twelve month low of $9.28 and a twelve month high of $22.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.40 and a current ratio of 1.61. The company’s 50 day moving average price is $19.01 and its 200 day moving average price is $17.56.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Select Water Solutions had a net margin of 3.28% and a return on equity of 4.60%. The firm had revenue of $412.19 million during the quarter, compared to the consensus estimate of $397.96 million. During the same period in the prior year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. As a group, sell-side analysts expect that Select Water Solutions, Inc. will post 0.54 EPS for the current year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 13th will be issued a $0.07 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.28 annualized dividend and a yield of 1.7%. Select Water Solutions’s payout ratio is presently 68.29%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Citigroup dropped their target price on Select Water Solutions from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday. Wall Street Zen raised Select Water Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded Select Water Solutions from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. UBS Group reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Select Water Solutions in a research note on Wednesday, September 30th. Finally, Bank of America upped their price objective on Select Water Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Select Water Solutions has a consensus rating of “Moderate Buy” and an average target price of $24.43.

Select Water Solutions Company Profile

Select Water Solutions, Inc. provides water-management and chemical services to oil and natural gas exploration and production companies. Its services support drilling, completions and ongoing production, with a focus on managing water used in and generated by energy operations. The company’s offerings include water sourcing, transfer, treatment, recycling and disposal, as well as water infrastructure such as pipelines and related facilities. It also supplies specialty chemicals and technical services designed for oilfield operations.