Premier Fund Managers Ltd Makes New $335,000 Investment in Select Water Solutions, Inc. $WTTR

Premier Fund Managers Ltd bought a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,418 shares of the company’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Select Water Solutions by 0.3% in the third quarter. Vanguard Group Inc. now owns 6,297,344 shares of the company’s stock valued at $67,319,000 after purchasing an additional 15,800 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Select Water Solutions by 16.0% in the third quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock valued at $54,802,000 after purchasing an additional 705,612 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Select Water Solutions by 78.1% in the third quarter. Franklin Resources Inc. now owns 4,939,877 shares of the company’s stock valued at $52,807,000 after purchasing an additional 2,166,649 shares during the last quarter. American Century Companies Inc. grew its position in shares of Select Water Solutions by 6.5% in the third quarter. American Century Companies Inc. now owns 3,899,603 shares of the company’s stock valued at $41,687,000 after purchasing an additional 238,898 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Select Water Solutions by 14.0% in the third quarter. Royce & Associates LP now owns 2,304,058 shares of the company’s stock valued at $24,630,000 after purchasing an additional 283,315 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Select Water Solutions news, CEO John Schmitz sold 33,916 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $13.03, for a total transaction of $441,925.48. Following the transaction, the chief executive officer owned 249,243 shares of the company’s stock, valued at $3,247,636.29. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.20% of the stock is currently owned by corporate insiders.

Select Water Solutions Stock Performance

Shares of WTTR opened at $16.74 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.57. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 79.73 and a beta of 0.99. The company’s 50 day simple moving average is $15.06 and its 200 day simple moving average is $12.68. Select Water Solutions, Inc. has a 1 year low of $7.20 and a 1 year high of $18.50.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $365.96 million for the quarter, compared to the consensus estimate of $344.63 million. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.33%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, sell-side analysts predict that Select Water Solutions, Inc. will post 0.19 EPS for the current year.

Select Water Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research report on Wednesday, April 8th. Citigroup increased their price target on shares of Select Water Solutions from $16.50 to $18.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Raymond James Financial reiterated a “strong-buy” rating and issued a $24.00 price target on shares of Select Water Solutions in a research report on Thursday. Piper Sandler increased their price target on shares of Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Finally, Northland Securities set a $21.00 price target on shares of Select Water Solutions in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued 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.

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.