Corient Private Wealth LLC Purchases 200,558 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Corient Private Wealth LLC grew its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 764.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,801 shares of the company’s stock after buying an additional 200,558 shares during the period. Corient Private Wealth LLC owned approximately 0.19% of Select Water Solutions worth $3,003,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WTTR. FMR LLC increased its position in Select Water Solutions by 51.9% during the 3rd quarter. FMR LLC now owns 3,728,787 shares of the company’s stock worth $41,501,000 after buying an additional 1,274,600 shares during the period. Van ECK Associates Corp increased its position in Select Water Solutions by 27.4% during the 4th quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock worth $26,456,000 after buying an additional 430,363 shares during the period. Great Lakes Advisors LLC bought a new position in Select Water Solutions during the 4th quarter worth $4,913,000. JPMorgan Chase & Co. increased its position in Select Water Solutions by 32.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company’s stock worth $14,981,000 after buying an additional 329,353 shares during the period. Finally, New York State Common Retirement Fund increased its position in shares of Select Water Solutions by 277.8% in the fourth quarter. New York State Common Retirement Fund now owns 421,754 shares of the company’s stock worth $5,584,000 after purchasing an additional 310,125 shares during the period. Institutional investors own 81.73% of the company’s stock.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the sale, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at $36,811,417.84. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised their price target on Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, January 10th.

Select Water Solutions Stock Up 0.5 %

Shares of NYSE WTTR opened at $10.16 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65. Select Water Solutions, Inc. has a 52 week low of $8.60 and a 52 week high of $15.14. The stock has a market capitalization of $1.21 billion, a P/E ratio of 33.85 and a beta of 1.77. The stock’s fifty day moving average is $12.19 and its 200 day moving average is $12.36.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.14). The business had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. Sell-side analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.76%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is presently 93.33%.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.