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

Segall Bryant & Hamill LLC bought a new position in Select Water Solutions, Inc. (NYSE:WTTR) during the fourth quarter, Holdings Channel reports. The fund bought 403,813 shares of the company’s stock, valued at approximately $5,346,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WTTR. Parkside Financial Bank & Trust grew its position in Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock worth $67,000 after purchasing an additional 1,007 shares in the last quarter. Amundi boosted its position in shares of Select Water Solutions by 83.8% in the fourth quarter. Amundi now owns 9,010 shares of the company’s stock worth $119,000 after buying an additional 4,109 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in shares of Select Water Solutions during the third quarter valued at $107,000. Atria Investments Inc acquired a new position in Select Water Solutions during the fourth quarter valued at $134,000. Finally, Truist Financial Corp purchased a new stake in Select Water Solutions in the 4th quarter worth about $134,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CEO John Schmitz sold 73,450 shares of Select Water Solutions stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the transaction, the chief executive officer now 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.40% of the company’s stock.

Select Water Solutions Price Performance

WTTR opened at $10.68 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 1 year low of $8.60 and a 1 year high of $15.14. The stock has a fifty day moving average price of $11.91 and a 200 day moving average price of $12.35. The stock has a market cap of $1.27 billion, a price-to-earnings 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 the consensus estimate of $0.13 by ($0.14). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The business had revenue of $349.05 million for the quarter, compared to the consensus estimate of $333.62 million. Analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently announced 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 of this dividend was Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.62%. Select Water Solutions’s dividend payout ratio (DPR) is currently 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.