Select Water Solutions, Inc. $WTTR Shares Sold by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC lowered its position in Select Water Solutions, Inc. (NYSE:WTTR) by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,362 shares of the company’s stock after selling 36,284 shares during the quarter. Villanova Investment Management Co LLC owned approximately 0.16% of Select Water Solutions worth $2,076,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Select Water Solutions in the 3rd quarter valued at $29,000. Osaic Holdings Inc. grew its stake 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 worth $42,000 after purchasing an additional 1,830 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake 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 worth $60,000 after purchasing an additional 5,408 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Select Water Solutions by 5,584.0% in the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock valued at $75,000 after buying an additional 6,980 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Select Water Solutions by 190.5% in the second quarter. Tower Research Capital LLC TRC now owns 8,916 shares of the company’s stock valued at $77,000 after buying an additional 5,847 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Price Performance

Shares of NYSE:WTTR opened at $17.75 on Friday. Select Water Solutions, Inc. has a 12 month low of $7.86 and a 12 month high of $20.48. The firm has a market capitalization of $2.45 billion, a P/E ratio of 84.55 and a beta of 1.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.76. The company’s fifty day moving average price is $17.54 and its 200 day moving average price is $14.33.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $365.96 million during the quarter, compared to the consensus estimate of $344.63 million. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. Select Water Solutions’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. As a group, sell-side 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 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. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, April 30th. Select Water Solutions’s payout ratio is presently 133.33%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WTTR. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research note on Wednesday, April 8th. Citigroup upped their price objective on Select Water Solutions from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Piper Sandler increased their price objective on Select Water Solutions from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Bank of America initiated coverage on Select Water Solutions in a research report on Friday, May 29th. They set a “buy” rating and a $22.00 target price on the stock. Finally, Raymond James Financial restated a “strong-buy” rating and set a $24.00 target price on shares of Select Water Solutions in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $22.40.

Insider Transactions at Select Water Solutions

In other Select Water Solutions news, COO Michael Skarke sold 20,000 shares of Select Water Solutions stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $17.78, for a total transaction of $355,600.00. Following the transaction, the chief operating officer owned 360,738 shares of the company’s stock, valued at $6,413,921.64. The trade was a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard Alan Burnett sold 45,316 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $18.74, for a total value of $849,221.84. Following the completion of the sale, the director owned 71,578 shares of the company’s stock, valued at approximately $1,341,371.72. This represents a 38.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 222,010 shares of company stock valued at $3,925,971 over the last quarter. Company insiders own 6.20% 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.