Lane Generational LLC Has $4.17 Million Position in Select Water Solutions, Inc. (NYSE:WTTR)

Lane Generational LLC increased its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314,929 shares of the company’s stock after buying an additional 1,638 shares during the quarter. Select Water Solutions accounts for about 4.1% of Lane Generational LLC’s investment portfolio, making the stock its 12th largest position. Lane Generational LLC owned 0.26% of Select Water Solutions worth $4,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its position 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 valued at $67,000 after acquiring an additional 1,007 shares during the period. Northwest & Ethical Investments L.P. bought a new position in shares of Select Water Solutions in the 3rd quarter valued at about $107,000. Creative Planning bought a new position in Select Water Solutions in the third quarter valued at approximately $112,000. Amundi raised its holdings in shares of Select Water Solutions by 83.8% in the 4th quarter. Amundi now owns 9,010 shares of the company’s stock valued at $119,000 after purchasing an additional 4,109 shares during the period. Finally, CreativeOne Wealth LLC acquired a new stake in Select Water Solutions during the 3rd quarter valued at $133,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Price Performance

Select Water Solutions stock opened at $9.68 on Wednesday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 32.25 and a beta of 1.77. Select Water Solutions, Inc. has a 52-week low of $8.47 and a 52-week high of $15.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65. The stock’s 50 day moving average price is $12.80 and its two-hundred day moving average price is $12.46.

Select Water Solutions (NYSE:WTTR) last announced 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 company had revenue of $349.05 million for 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%. On average, equities analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.89%. Select Water Solutions’s payout ratio is 93.33%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the completion of the sale, the chief executive officer now owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.40% of the company’s stock.

Select Water Solutions 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.