UBS Group AG Boosts Stock Position in Select Water Solutions, Inc. $WTTR

UBS Group AG increased its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 46.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 230,614 shares of the company’s stock after acquiring an additional 72,613 shares during the period. UBS Group AG’s holdings in Select Water Solutions were worth $2,426,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co increased its position in shares of Select Water Solutions by 2.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 64,258 shares of the company’s stock worth $686,000 after purchasing an additional 1,541 shares in the last quarter. Legato Capital Management LLC grew its stake in Select Water Solutions by 1.7% during the 3rd quarter. Legato Capital Management LLC now owns 97,358 shares of the company’s stock worth $1,041,000 after buying an additional 1,587 shares during the last quarter. Osaic Holdings Inc. grew its stake in Select Water Solutions by 59.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after buying an additional 1,830 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Select Water Solutions by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 49,812 shares of the company’s stock worth $430,000 after buying an additional 2,046 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Select Water Solutions by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,221 shares of the company’s stock worth $569,000 after buying an additional 2,356 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Select Water Solutions

In other Select Water Solutions news, CAO Brian Szymanski sold 20,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $17.04, for a total value of $340,800.00. Following the completion of the transaction, the chief accounting officer directly owned 114,752 shares of the company’s stock, valued at approximately $1,955,374.08. This trade represents a 14.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Alan Burnett sold 45,316 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $18.74, for a total value of $849,221.84. Following the completion of the transaction, the director owned 71,578 shares of the company’s stock, valued at approximately $1,341,371.72. This represents a 38.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 222,010 shares of company stock valued at $3,925,971. 6.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WTTR shares. Northland Securities set a $21.00 price objective on Select Water Solutions in a report on Thursday, May 7th. Citigroup lifted their target price on shares of Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Zacks Research upgraded shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday. Raymond James Financial reiterated a “strong-buy” rating and set a $24.00 price target on shares of Select Water Solutions in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Select Water Solutions presently has a consensus rating of “Buy” and an average price target of $22.50.

Select Water Solutions Trading Down 0.1%

NYSE:WTTR opened at $19.27 on Wednesday. Select Water Solutions, Inc. has a 1 year low of $7.86 and a 1 year high of $20.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 1.92. The stock has a fifty day moving average price of $16.36 and a two-hundred day moving average price of $13.34. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 91.76 and a beta of 0.99.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, May 5th. The company reported $0.08 EPS 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 2.21%. The company had revenue of $365.96 million for the quarter, compared to analyst estimates of $344.63 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Select Water Solutions, Inc. will post 0.29 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Thursday, April 30th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, April 30th. Select Water Solutions’s dividend payout ratio is presently 133.33%.

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.