Select Water Solutions, Inc. (NYSE:WTTR) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 22.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 280,946 shares of the company’s stock after purchasing an additional 51,490 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.24% of Select Water Solutions worth $3,720,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in shares of Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock worth $67,000 after acquiring an additional 1,007 shares during the last quarter. Amundi increased its position in Select Water Solutions by 83.8% during the fourth quarter. Amundi now owns 9,010 shares of the company’s stock worth $119,000 after purchasing an additional 4,109 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in Select Water Solutions during the third quarter worth about $133,000. Truist Financial Corp purchased a new position in Select Water Solutions during the fourth quarter worth about $134,000. Finally, Atria Investments Inc purchased a new position in Select Water Solutions during the fourth quarter worth about $134,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Stock Up 2.3 %

Shares of NYSE:WTTR opened at $10.83 on Thursday. The business has a 50-day moving average price of $11.64 and a 200 day moving average price of $12.36. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 36.10 and a beta of 1.77. Select Water Solutions, Inc. has a 12-month low of $8.60 and a 12-month high of $15.14.

Select Water Solutions (NYSE:WTTR) last announced its earnings results 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 company had revenue of $349.05 million for the quarter, compared to analysts’ expectations of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. Sell-side analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s payout ratio is 93.33%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the sale, the chief executive officer now directly owns 2,825,128 shares in the company, valued at $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.40% of the stock is owned by 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.