Savant Capital LLC Increases Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Savant Capital LLC raised its position in Select Water Solutions, Inc. (NYSE:WTTR) by 11.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,672 shares of the company’s stock after purchasing an additional 2,143 shares during the period. Savant Capital LLC’s holdings in Select Water Solutions were worth $274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WTTR. New York State Teachers Retirement System increased its stake in shares of Select Water Solutions by 13.8% in the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after acquiring an additional 1,010 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Select Water Solutions in the 3rd quarter worth $107,000. Creative Planning acquired a new stake in shares of Select Water Solutions in the 3rd quarter worth $112,000. CWM LLC increased its stake in shares of Select Water Solutions by 182.8% in the 3rd quarter. CWM LLC now owns 11,889 shares of the company’s stock worth $132,000 after acquiring an additional 7,685 shares during the last quarter. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Select Water Solutions in the 3rd quarter worth $133,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Stock Up 1.8 %

Shares of NYSE:WTTR opened at $13.38 on Wednesday. The business has a 50-day moving average price of $13.34 and a 200 day moving average price of $12.41. 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 capitalization of $1.60 billion, a price-to-earnings ratio of 22.67 and a beta of 1.73. Select Water Solutions, Inc. has a 12-month low of $7.74 and a 12-month high of $15.14.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data 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). Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. Sell-side analysts expect that Select Water Solutions, Inc. will post 0.39 EPS for the current year.

Select Water Solutions Announces Dividend

The company also recently announced 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. This represents a $0.28 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is 47.46%.

Analyst Upgrades and Downgrades

Separately, Citigroup raised their price objective 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.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 26,550 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the completion of the transaction, the chief executive officer now directly owns 2,898,578 shares in the company, valued at $38,145,286.48. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.40% of the stock is currently owned by company insiders.

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.