Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $1.56 Million in Select Water Solutions, Inc. $WTTR

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 147,983 shares of the company’s stock, valued at approximately $1,557,000.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Select Water Solutions during the 3rd quarter worth about $29,000. State of Alaska Department of Revenue purchased a new stake in shares of Select Water Solutions during the 3rd quarter worth about $33,000. Osaic Holdings Inc. boosted its stake in shares of 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 acquiring an additional 1,830 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of 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 worth $60,000 after acquiring an additional 5,408 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Select Water Solutions by 5,584.0% during the 1st quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock worth $75,000 after acquiring an additional 6,980 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WTTR has been the topic of several recent analyst reports. Citigroup increased 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 note on Tuesday, May 12th. Northland Securities set a $21.00 price target on shares of Select Water Solutions in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Select Water Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Piper Sandler upped their price target on shares of Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Raymond James Financial restated a “strong-buy” rating and set a $24.00 price target on shares of Select Water Solutions in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Select Water Solutions currently has a consensus rating of “Buy” and a consensus target price of $22.50.

Select Water Solutions Stock Down 1.4%

WTTR opened at $19.63 on Friday. Select Water Solutions, Inc. has a twelve month low of $7.82 and a twelve month high of $20.48. The company has a quick ratio of 1.76, a current ratio of 1.92 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $16.05 and a 200 day moving average price of $13.18. The company has a market cap of $2.71 billion, a PE ratio of 93.46 and a beta of 0.99.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results 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 2.21%. The firm had revenue of $365.96 million during the quarter, compared to the consensus estimate of $344.63 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Sell-side analysts expect that Select Water Solutions, Inc. will post 0.29 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders 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 dividend on an annualized basis and a yield of 1.4%. Select Water Solutions’s dividend payout ratio is presently 133.33%.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, COO Michael Skarke sold 20,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $17.78, for a total value of $355,600.00. Following the completion of the sale, the chief operating officer owned 360,738 shares in the company, valued at approximately $6,413,921.64. This represents a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin H. Fielder sold 27,010 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $16.80, for a total transaction of $453,768.00. Following the completion of the sale, the director owned 43,315 shares of the company’s stock, valued at approximately $727,692. The trade was a 38.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 222,010 shares of company stock worth $3,925,971 in the last quarter. Insiders own 6.20% of the company’s stock.

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.