Select Water Solutions, Inc. $WTTR Shares Bought by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 6.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 574,438 shares of the company’s stock after purchasing an additional 33,614 shares during the quarter. Empowered Funds LLC’s holdings in Select Water Solutions were worth $8,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WTTR. Barclays PLC increased its stake in shares of Select Water Solutions by 0.6% in the fourth quarter. Barclays PLC now owns 147,581 shares of the company’s stock worth $1,553,000 after acquiring an additional 857 shares during the period. Inspire Investing LLC lifted its position in Select Water Solutions by 1.9% during the fourth quarter. Inspire Investing LLC now owns 55,271 shares of the company’s stock valued at $581,000 after purchasing an additional 1,023 shares during the period. ProShare Advisors LLC lifted its position in Select Water Solutions by 8.4% during the fourth quarter. ProShare Advisors LLC now owns 17,299 shares of the company’s stock valued at $182,000 after purchasing an additional 1,336 shares during the period. Quantinno Capital Management LP boosted its holdings in Select Water Solutions by 3.5% in the first quarter. Quantinno Capital Management LP now owns 42,180 shares of the company’s stock valued at $645,000 after purchasing an additional 1,438 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Select Water Solutions by 2.5% in the third quarter. CANADA LIFE ASSURANCE Co now owns 64,258 shares of the company’s stock valued at $686,000 after purchasing an additional 1,541 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WTTR shares. Northland Securities set a $21.00 price objective on Select Water Solutions in a research note on Thursday, May 7th. Raymond James Financial lowered Select Water Solutions from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $24.00 to $26.00 in a report on Thursday, August 6th. Bank of America assumed coverage on Select Water Solutions in a research report on Friday, May 29th. They issued a “buy” rating and a $22.00 price objective on the stock. Zacks Research cut shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Piper Sandler raised their price target on shares of Select Water Solutions from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.80.

Select Water Solutions Stock Up 2.2%

Select Water Solutions stock opened at $20.82 on Friday. The stock has a market capitalization of $2.88 billion, a PE ratio of 74.35 and a beta of 0.99. Select Water Solutions, Inc. has a 12 month low of $7.86 and a 12 month high of $22.55. The business has a 50 day simple moving average of $19.29 and a 200-day simple moving average of $16.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.76.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Select Water Solutions had a return on equity of 3.11% and a net margin of 2.24%.The firm had revenue of $395.81 million for the quarter, compared to analyst estimates of $373.33 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue was up 8.7% on a year-over-year basis. On average, analysts anticipate that Select Water Solutions, Inc. will post 0.56 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 7th. Select Water Solutions’s dividend payout ratio (DPR) is presently 100.00%.

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.