Select Water Solutions, Inc. (NYSE:WTTR) Stock Position Lifted by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC lifted its position in Select Water Solutions, Inc. (NYSE:WTTR) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 201,680 shares of the company’s stock after buying an additional 19,534 shares during the quarter. Select Water Solutions comprises approximately 2.4% of Villanova Investment Management Co LLC’s holdings, making the stock its 10th largest position. Villanova Investment Management Co LLC owned 0.17% of Select Water Solutions worth $2,670,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Select Water Solutions by 7.9% during the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock worth $23,683,000 after buying an additional 155,091 shares during the last quarter. Barclays PLC raised its stake in Select Water Solutions by 319.3% during the 3rd quarter. Barclays PLC now owns 140,648 shares of the company’s stock valued at $1,565,000 after purchasing an additional 107,107 shares during the last quarter. Swiss National Bank raised its stake in Select Water Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 181,900 shares of the company’s stock valued at $2,408,000 after purchasing an additional 1,400 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Select Water Solutions in the 3rd quarter valued at $483,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Select Water Solutions in the 4th quarter worth $203,000. 81.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup upped their price objective on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, January 10th.

Select Water Solutions Stock Up 0.9 %

WTTR opened at $10.50 on Tuesday. Select Water Solutions, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $15.14. The company has a market capitalization of $1.25 billion, a P/E ratio of 34.99 and a beta of 1.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. The firm’s fifty day moving average price is $11.77 and its two-hundred day moving average price is $12.37.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). The business had revenue of $349.05 million during the quarter, compared to the consensus estimate of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. On average, analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio is 93.33%.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the sale, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.40% of the company’s stock.

About Select Water Solutions

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.