Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 57.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,579 shares of the company’s stock after selling 42,770 shares during the quarter. Teacher Retirement System of Texas’ holdings in Select Water Solutions were worth $418,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake in Select Water Solutions by 51.9% during the 3rd quarter. FMR LLC now owns 3,728,787 shares of the company’s stock worth $41,501,000 after buying an additional 1,274,600 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Select Water Solutions by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock worth $26,456,000 after acquiring an additional 430,363 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Select Water Solutions in the 4th quarter valued at $4,913,000. JPMorgan Chase & Co. raised its position in Select Water Solutions by 32.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company’s stock valued at $14,981,000 after purchasing an additional 329,353 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Select Water Solutions by 277.8% during the 4th quarter. New York State Common Retirement Fund now owns 421,754 shares of the company’s stock worth $5,584,000 after purchasing an additional 310,125 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their price objective 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.

Select Water Solutions Stock Up 0.9 %

Select Water Solutions stock opened at $10.50 on Tuesday. The stock has a 50 day moving average of $11.77 and a two-hundred day moving average of $12.37. Select Water Solutions, Inc. has a twelve month low of $8.60 and a twelve month high of $15.14. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 34.99 and a beta of 1.77. 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 (NYSE:WTTR) last released its 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 3.48% and a net margin of 2.11%. The firm had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. As a group, research analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.67%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s payout ratio is 93.33%.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the transaction, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.40% of the stock is owned by corporate insiders.

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.