Teacher Retirement System of Texas Trims Position in Select Water Solutions, Inc. (NYSE:WTTR)

Teacher Retirement System of Texas lowered its position in Select Water Solutions, Inc. (NYSE:WTTR) by 57.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,579 shares of the company’s stock after selling 42,770 shares during the quarter. Teacher Retirement System of Texas’ holdings in Select Water Solutions were worth $418,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners grew its stake in shares of Select Water Solutions by 4.3% in the 4th quarter. Boston Partners now owns 2,000,352 shares of the company’s stock valued at $26,647,000 after buying an additional 81,746 shares during the period. Corient Private Wealth LLC grew its position in Select Water Solutions by 764.2% in the fourth quarter. Corient Private Wealth LLC now owns 226,801 shares of the company’s stock worth $3,003,000 after acquiring an additional 200,558 shares during the period. Royce & Associates LP increased its stake in Select Water Solutions by 3.9% during the fourth quarter. Royce & Associates LP now owns 1,748,011 shares of the company’s stock worth $23,144,000 after acquiring an additional 65,598 shares during the last quarter. Alpine Woods Capital Investors LLC raised its position in Select Water Solutions by 20.0% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 120,000 shares of the company’s stock valued at $1,589,000 after purchasing an additional 20,000 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Select Water Solutions by 0.8% in 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. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Stock Performance

NYSE:WTTR opened at $10.50 on Tuesday. The stock 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 quick ratio of 1.62 and a current ratio of 1.65. 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 50 day moving average price of $11.77 and a 200 day moving average price of $12.37.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data 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 net margin of 2.11% and a return on equity of 3.48%. The firm had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Equities research analysts forecast 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. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.67%. Select Water Solutions’s dividend payout ratio (DPR) is 93.33%.

Insider Buying and Selling at Select Water Solutions

In other news, CEO John Schmitz sold 73,450 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction 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. This represents a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.