Segall Bryant & Hamill LLC Invests $5.35 Million in Select Water Solutions, Inc. (NYSE:WTTR)

Segall Bryant & Hamill LLC bought a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 403,813 shares of the company’s stock, valued at approximately $5,346,000. Segall Bryant & Hamill LLC owned about 0.34% of Select Water Solutions at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of WTTR. Intech Investment Management LLC bought a new position in Select Water Solutions in the third quarter worth about $259,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Select Water Solutions by 42.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 49,676 shares of the company’s stock worth $553,000 after purchasing an additional 14,777 shares during the last quarter. FMR LLC boosted 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 valued at $41,501,000 after purchasing an additional 1,274,600 shares during the period. CreativeOne Wealth LLC bought a new position in Select Water Solutions during the 3rd quarter worth $133,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Select Water Solutions in the third quarter worth $107,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped their price target on shares of 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 1.1 %

Shares of Select Water Solutions stock opened at $10.68 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. Select Water Solutions, Inc. has a 1-year low of $8.60 and a 1-year high of $15.14. The business’s fifty day moving average price is $11.91 and its two-hundred day moving average price is $12.35. The company has a market capitalization of $1.27 billion, a P/E ratio of 35.59 and a beta of 1.77.

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

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.62%. Select Water Solutions’s dividend payout ratio is presently 93.33%.

Insider Buying and Selling

In related news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the transaction, the chief executive officer now directly owns 2,898,578 shares of the company’s stock, valued at $38,145,286.48. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.40% of the stock is owned by corporate insiders.

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.