Select Water Solutions, Inc. (NYSE:WTTR) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC grew its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 71,422.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,302 shares of the company’s stock after purchasing an additional 229,980 shares during the period. Sterling Capital Management LLC owned approximately 0.19% of Select Water Solutions worth $3,049,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its stake in Select Water Solutions by 24.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock valued at $67,000 after buying an additional 1,007 shares during the last quarter. SkyView Investment Advisors LLC raised its position in shares of Select Water Solutions by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company’s stock valued at $680,000 after purchasing an additional 1,073 shares during the last quarter. Inspire Advisors LLC boosted its stake in Select Water Solutions by 6.2% in the 4th quarter. Inspire Advisors LLC now owns 20,751 shares of the company’s stock worth $275,000 after purchasing an additional 1,216 shares in the last quarter. Swiss National Bank grew its position in Select Water Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 181,900 shares of the company’s stock worth $2,408,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Lane Generational LLC increased its stake in Select Water Solutions by 0.5% during the 4th quarter. Lane Generational LLC now owns 314,929 shares of the company’s stock valued at $4,170,000 after purchasing an additional 1,638 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Select Water Solutions Trading Up 0.8 %

Shares of NYSE:WTTR opened at $8.07 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 52-week low of $7.58 and a 52-week high of $15.14. The stock has a market cap of $962.06 million, a price-to-earnings ratio of 26.88 and a beta of 1.51. The business has a 50-day moving average price of $10.77 and a 200-day moving average price of $12.17.

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

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.47%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s payout ratio is 93.33%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the transaction, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.40% of the stock is owned by insiders.

Select Water Solutions Profile

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.