Swiss National Bank Raises Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Swiss National Bank boosted its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,900 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. Swiss National Bank owned about 0.15% of Select Water Solutions worth $2,408,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of WTTR. Parkside Financial Bank & Trust boosted its stake in Select Water Solutions by 24.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock worth $67,000 after buying an additional 1,007 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in shares of Select Water Solutions during the 3rd quarter worth about $107,000. Amundi raised its position in Select Water Solutions by 83.8% in the 4th quarter. Amundi now owns 9,010 shares of the company’s stock worth $119,000 after purchasing an additional 4,109 shares during the period. CreativeOne Wealth LLC bought a new stake in Select Water Solutions in the third quarter worth about $133,000. Finally, Truist Financial Corp bought a new stake in Select Water Solutions in the fourth quarter worth about $134,000. Institutional investors own 81.73% of the company’s stock.

Insider Activity

In other news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total value of $349,398.00. Following the transaction, the chief executive officer now directly owns 2,898,578 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 8.40% of the company’s stock.

Select Water Solutions Trading Up 1.1 %

NYSE WTTR opened at $10.68 on Friday. The stock has a market cap of $1.27 billion, a PE ratio of 35.59 and a beta of 1.77. Select Water Solutions, Inc. has a 12 month low of $8.60 and a 12 month high of $15.14. The company’s 50-day moving average price is $11.91 and its 200-day moving average price is $12.35. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). The company had revenue of $349.05 million for the quarter, compared to analysts’ expectations of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. Equities research analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s payout ratio is 93.33%.

Analyst Ratings Changes

Separately, Citigroup increased their price target on Select Water Solutions from $14.00 to $18.00 and gave the stock 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.