Savant Capital LLC Increases Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Savant Capital LLC grew its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,672 shares of the company’s stock after buying an additional 2,143 shares during the quarter. Savant Capital LLC’s holdings in Select Water Solutions were worth $274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC lifted its stake in Select Water Solutions by 182.8% during the third quarter. CWM LLC now owns 11,889 shares of the company’s stock worth $132,000 after purchasing an additional 7,685 shares during the last quarter. Creative Planning purchased a new stake in Select Water Solutions during the third quarter worth approximately $112,000. Stanley Laman Group Ltd. lifted its stake in Select Water Solutions by 3.4% during the third quarter. Stanley Laman Group Ltd. now owns 340,382 shares of the company’s stock worth $3,788,000 after purchasing an additional 11,127 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Select Water Solutions by 13.8% during the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Select Water Solutions by 148.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock worth $12,478,000 after purchasing an additional 669,301 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their target price 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 1.8 %

WTTR opened at $13.38 on Wednesday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 22.67 and a beta of 1.73. Select Water Solutions, Inc. has a 52 week low of $7.74 and a 52 week high of $15.14. The business’s 50 day moving average is $13.34 and its two-hundred day moving average is $12.41. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. On average, research analysts predict that Select Water Solutions, Inc. will post 0.39 EPS for the current year.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is 47.46%.

Insiders Place Their Bets

In other news, CEO John Schmitz sold 26,550 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total value of $349,398.00. Following the transaction, the chief executive officer now owns 2,898,578 shares of the company’s stock, valued at approximately $38,145,286.48. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.40% of the stock is currently owned by corporate 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.