Lodge Hill Capital LLC Sells 175,000 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Lodge Hill Capital LLC lessened its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 23.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 585,600 shares of the company’s stock after selling 175,000 shares during the quarter. Select Water Solutions accounts for approximately 1.7% of Lodge Hill Capital LLC’s holdings, making the stock its 17th biggest position. Lodge Hill Capital LLC owned approximately 0.49% of Select Water Solutions worth $6,266,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WTTR. Charles Schwab Investment Management Inc. boosted its stake in Select Water Solutions by 14.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,083,135 shares of the company’s stock valued at $8,221,000 after purchasing an additional 136,489 shares during the last quarter. Palogic Value Management L.P. boosted its position in shares of Select Water Solutions by 28.2% during the fourth quarter. Palogic Value Management L.P. now owns 341,300 shares of the company’s stock valued at $2,590,000 after buying an additional 75,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Select Water Solutions by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,031,868 shares of the company’s stock worth $45,782,000 after buying an additional 300,115 shares in the last quarter. Caxton Associates LP purchased a new position in Select Water Solutions in the 1st quarter worth about $495,000. Finally, Wellington Management Group LLP lifted its stake in Select Water Solutions by 3.2% during the 4th quarter. Wellington Management Group LLP now owns 4,699,066 shares of the company’s stock valued at $35,666,000 after acquiring an additional 145,714 shares during the period. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

WTTR has been the subject of a number of research analyst reports. Northland Capmk upgraded shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $11.50 to $14.50 in a report on Thursday, August 22nd.

Select Water Solutions Stock Up 0.9 %

Select Water Solutions stock opened at $11.43 on Friday. Select Water Solutions, Inc. has a one year low of $6.78 and a one year high of $12.27. The stock has a fifty day moving average of $11.09 and a 200 day moving average of $10.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.63 and a current ratio of 1.81. The stock has a market cap of $1.36 billion, a PE ratio of 17.58 and a beta of 1.66.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Select Water Solutions had a net margin of 3.91% and a return on equity of 6.56%. The company had revenue of $365.13 million for the quarter, compared to the consensus estimate of $372.25 million. During the same quarter last year, the firm posted $0.20 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. As a group, sell-side analysts predict that Select Water Solutions, Inc. will post 0.48 EPS for the current year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Monday, August 5th. Select Water Solutions’s payout ratio is 36.92%.

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.