Raymond James Financial Inc. Takes Position in Select Water Solutions, Inc. (NYSE:WTTR)

Raymond James Financial Inc. acquired a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 192,006 shares of the company’s stock, valued at approximately $2,542,000. Raymond James Financial Inc. owned about 0.16% of Select Water Solutions at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of 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 in the last quarter. Geode Capital Management LLC raised its stake in Select Water Solutions by 7.9% during the 3rd 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 period. Van ECK Associates Corp lifted its holdings in Select Water Solutions by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock worth $26,456,000 after acquiring an additional 430,363 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Select Water Solutions by 32.4% in the third quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company’s stock valued at $14,981,000 after acquiring an additional 329,353 shares during the period. Finally, Systematic Financial Management LP increased its holdings in shares of Select Water Solutions by 12.3% in the third quarter. Systematic Financial Management LP now owns 1,062,344 shares of the company’s stock worth $11,824,000 after acquiring an additional 116,334 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Select Water Solutions Stock Down 2.8 %

Select Water Solutions stock opened at $10.40 on Friday. The company has a 50 day moving average of $11.84 and a 200-day moving average of $12.36. 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 twelve month low of $8.60 and a twelve month high of $15.14. The stock has a market capitalization of $1.24 billion, a PE ratio of 34.65 and a beta of 1.77.

Select Water Solutions (NYSE:WTTR) last announced 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). Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The company had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. On average, equities research analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.69%. Select Water Solutions’s payout ratio is presently 93.33%.

Insider Activity at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the sale, the chief executive officer now directly owns 2,898,578 shares in the company, valued at approximately $38,145,286.48. The trade was a 0.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.