Corient Private Wealth LLC Has $3 Million Stock Holdings in 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 fourth quarter, HoldingsChannel.com reports. The firm owned 226,801 shares of the company’s stock after purchasing an additional 200,558 shares during the period. Corient Private Wealth LLC’s holdings in Select Water Solutions were worth $3,003,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in shares of Select Water Solutions by 24.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock valued at $67,000 after purchasing an additional 1,007 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Select Water Solutions by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company’s stock worth $680,000 after acquiring an additional 1,073 shares during the period. Inspire Advisors LLC lifted its stake in shares of Select Water Solutions by 6.2% in the fourth quarter. Inspire Advisors LLC now owns 20,751 shares of the company’s stock worth $275,000 after acquiring an additional 1,216 shares during the period. Swiss National Bank lifted its stake in shares of Select Water Solutions by 0.8% in the fourth quarter. Swiss National Bank now owns 181,900 shares of the company’s stock worth $2,408,000 after acquiring an additional 1,400 shares during the period. Finally, Lane Generational LLC lifted its stake in shares of Select Water Solutions by 0.5% in the fourth quarter. Lane Generational LLC now owns 314,929 shares of the company’s stock worth $4,170,000 after acquiring an additional 1,638 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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. Corporate insiders own 8.40% of the company’s stock.

Analyst Ratings Changes

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

Select Water Solutions Trading Up 0.5 %

Shares of WTTR stock opened at $10.16 on Friday. The company has a market cap of $1.21 billion, a P/E ratio of 33.85 and a beta of 1.77. The stock has a 50 day simple moving average of $12.19 and a two-hundred day simple moving average of $12.36. 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 fifty-two week low of $8.60 and a fifty-two week high of $15.14.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). The firm 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%. Research analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 annualized dividend and a dividend yield of 2.76%. Select Water Solutions’s dividend payout ratio is 93.33%.

About Select Water Solutions

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.