New York State Common Retirement Fund Has $13.29 Million Position in Select Water Solutions, Inc. $WTTR

New York State Common Retirement Fund boosted its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 57.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,243,029 shares of the company’s stock after acquiring an additional 452,351 shares during the period. New York State Common Retirement Fund owned approximately 1.03% of Select Water Solutions worth $13,288,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Select Water Solutions by 160.2% in the third quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after purchasing an additional 1,610 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Select Water Solutions in the 3rd quarter valued at $29,000. State of Alaska Department of Revenue acquired a new position in shares of Select Water Solutions in the 3rd quarter valued at $33,000. Osaic Holdings Inc. raised its position in Select Water Solutions by 59.9% in the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after purchasing an additional 1,830 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in Select Water Solutions by 380.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 8,140 shares of the company’s stock worth $70,000 after purchasing an additional 6,446 shares during the period. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Stock Performance

WTTR stock opened at $11.92 on Tuesday. The company has a 50 day moving average price of $11.12 and a 200 day moving average price of $10.28. Select Water Solutions, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $13.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 1.48. The stock has a market capitalization of $1.44 billion, a PE ratio of 62.74 and a beta of 1.03.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $322.24 million during the quarter, compared to the consensus estimate of $306.39 million. Select Water Solutions had a return on equity of 2.26% and a net margin of 1.41%.The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. Analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WTTR shares. Wall Street Zen upgraded Select Water Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Raymond James Financial reiterated a “strong-buy” rating and issued a $16.00 price target on shares of Select Water Solutions in a research report on Wednesday, November 5th. Piper Sandler set a $14.00 price objective on Select Water Solutions in a research note on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. Finally, Northland Securities cut shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Insider Buying and Selling at Select Water Solutions

In related news, CEO John Schmitz sold 70,375 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $11.21, for a total value of $788,903.75. Following the transaction, the chief executive officer directly owned 31,372 shares in the company, valued at $351,680.12. This represents a 69.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 443,187 shares of company stock worth $4,927,971 over the last ninety days. Insiders own 7.60% of the company’s stock.

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.