Deprince Race & Zollo Inc. Sells 131,902 Shares of Select Water Solutions, Inc. $WTTR

Deprince Race & Zollo Inc. lessened its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 3.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,517,163 shares of the company’s stock after selling 131,902 shares during the quarter. Select Water Solutions makes up about 1.0% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 26th largest position. Deprince Race & Zollo Inc.’s holdings in Select Water Solutions were worth $53,813,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WTTR. Barclays PLC lifted its position in shares of Select Water Solutions by 0.6% during the fourth quarter. Barclays PLC now owns 147,581 shares of the company’s stock worth $1,553,000 after purchasing an additional 857 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of Select Water Solutions by 1.9% in the fourth quarter. Inspire Investing LLC now owns 55,271 shares of the company’s stock worth $581,000 after purchasing an additional 1,023 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Select Water Solutions by 8.4% in the fourth quarter. ProShare Advisors LLC now owns 17,299 shares of the company’s stock worth $182,000 after purchasing an additional 1,336 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Select Water Solutions by 2.5% in 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 during the last quarter. Finally, Legato Capital Management LLC increased its stake in Select Water Solutions by 1.7% in 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 period. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling at Select Water Solutions

In other news, CAO Brian Szymanski sold 20,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief accounting officer owned 114,752 shares of the company’s stock, valued at approximately $1,955,374.08. This represents a 14.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Alan Burnett sold 45,316 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $18.74, for a total transaction of $849,221.84. Following the transaction, the director owned 71,578 shares in the company, valued at approximately $1,341,371.72. This represents a 38.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 222,010 shares of company stock worth $3,925,971 over the last quarter. 6.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

WTTR has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Select Water Solutions from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Citigroup raised their target price on shares of Select Water Solutions from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Bank of America assumed coverage on shares of Select Water Solutions in a research note on Friday, May 29th. They set a “buy” rating and a $22.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Wednesday, April 8th. Finally, Northland Securities set a $21.00 price objective on Select Water Solutions in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $22.40.

Select Water Solutions Stock Performance

Shares of Select Water Solutions stock opened at $18.95 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.76 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average price is $18.25 and its 200-day moving average price is $14.83. The firm has a market cap of $2.62 billion, a P/E ratio of 90.26 and a beta of 0.97. Select Water Solutions, Inc. has a 12 month low of $7.86 and a 12 month high of $20.48.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $344.63 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts expect that Select Water Solutions, Inc. will post 0.45 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Thursday, April 30th were issued a $0.07 dividend. The ex-dividend date was Thursday, April 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. Select Water Solutions’s payout ratio is currently 133.33%.

Select Water Solutions Profile

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.