Premier Fund Managers Ltd Takes $335,000 Position in Select Water Solutions, Inc. $WTTR

Premier Fund Managers Ltd bought a new stake in Select Water Solutions, Inc. (NYSE:WTTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 31,418 shares of the company’s stock, valued at approximately $335,000.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of Select Water Solutions by 160.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after acquiring an additional 1,610 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Select Water Solutions in the 3rd quarter valued at $29,000. State of Alaska Department of Revenue purchased a new position in shares of Select Water Solutions in the 3rd quarter valued at $33,000. Osaic Holdings Inc. raised its stake in shares of Select Water Solutions by 59.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after acquiring an additional 1,830 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in Select Water Solutions by 2,704.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after purchasing an additional 5,408 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Price Performance

Shares of WTTR stock opened at $16.74 on Friday. The firm has a market cap of $2.03 billion, a P/E ratio of 79.73 and a beta of 0.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.57 and a quick ratio of 1.42. Select Water Solutions, Inc. has a 1-year low of $7.20 and a 1-year high of $18.50. The firm has a fifty day moving average of $15.06 and a two-hundred day moving average of $12.68.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.33%. The company had revenue of $365.96 million during the quarter, compared to analyst estimates of $344.63 million. During the same period last year, the business earned $0.08 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Select Water Solutions, Inc. will post 0.19 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Thursday, April 30th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, April 30th. Select Water Solutions’s dividend payout ratio (DPR) is presently 133.33%.

Insider Activity

In other news, CEO John Schmitz sold 33,916 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $13.03, for a total value of $441,925.48. Following the transaction, the chief executive officer directly owned 249,243 shares in the company, valued at approximately $3,247,636.29. This trade represents a 11.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.20% of the company’s stock.

Wall Street Analysts Forecast Growth

WTTR has been the subject of a number of recent analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $24.00 price target on shares of Select Water Solutions in a report on Thursday. Northland Securities set a $21.00 price target on shares of Select Water Solutions in a report on Thursday. Citigroup raised their price target on shares of Select Water Solutions from $16.50 to $18.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a report on Wednesday, April 8th. Finally, Piper Sandler raised their price target on shares of Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Select Water Solutions presently has a consensus rating of “Buy” and a consensus price target of $19.75.

About Select Water Solutions

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.