O Shaughnessy Asset Management LLC Grows Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

O Shaughnessy Asset Management LLC boosted its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 22.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 280,946 shares of the company’s stock after acquiring an additional 51,490 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Select Water Solutions were worth $3,720,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in shares of Select Water Solutions during the third quarter worth approximately $259,000. The Manufacturers Life Insurance Company grew its holdings in Select Water Solutions by 42.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 49,676 shares of the company’s stock worth $553,000 after acquiring an additional 14,777 shares in the last quarter. FMR LLC increased its position in shares of Select Water Solutions by 51.9% in 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 last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Select Water Solutions in the 3rd quarter valued at $133,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of Select Water Solutions by 46.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 558,530 shares of the company’s stock worth $6,216,000 after purchasing an additional 177,900 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 26,550 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the sale, the chief executive officer now owns 2,898,578 shares in the company, valued at $38,145,286.48. This represents a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.40% of the company’s stock.

Select Water Solutions Stock Performance

Shares of WTTR opened at $10.83 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 52-week low of $8.60 and a 52-week high of $15.14. The stock has a 50 day moving average price of $11.64 and a 200 day moving average price of $12.36. 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 (NYSE:WTTR) last issued its earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) 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 company had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Research analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.