SG Americas Securities LLC Invests $360,000 in Select Water Solutions, Inc. (NYSE:WTTR)

SG Americas Securities LLC acquired a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,202 shares of the company’s stock, valued at approximately $360,000.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Select Water Solutions by 1.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,818,016 shares of the company’s stock valued at $42,495,000 after acquiring an additional 47,511 shares during the last quarter. FMR LLC raised its holdings in Select Water Solutions by 51.9% during the third quarter. FMR LLC now owns 3,728,787 shares of the company’s stock worth $41,501,000 after purchasing an additional 1,274,600 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 155,091 shares during the last quarter. Royce & Associates LP raised its holdings in Select Water Solutions by 1.9% during the third quarter. Royce & Associates LP now owns 1,682,413 shares of the company’s stock worth $18,725,000 after purchasing an additional 31,192 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Select Water Solutions by 32.4% during the third quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company’s stock worth $14,981,000 after buying an additional 329,353 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Select Water Solutions Price Performance

WTTR stock opened at $13.09 on Tuesday. The stock has a 50-day moving average price of $13.70 and a two-hundred day moving average price of $12.29. Select Water Solutions, Inc. has a 12-month low of $7.40 and a 12-month high of $15.14. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.56 billion, a PE ratio of 22.19 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $371.35 million during the quarter, compared to the consensus estimate of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. As a group, research analysts predict that Select Water Solutions, Inc. will post 0.39 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Tuesday, February 4th. Select Water Solutions’s dividend payout ratio is presently 47.46%.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised their price target on Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, January 10th.

Select Water Solutions Company 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.