JPMorgan Chase & Co. Has $14.90 Million Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

JPMorgan Chase & Co. trimmed its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 16.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,125,687 shares of the company’s stock after selling 220,277 shares during the period. JPMorgan Chase & Co.’s holdings in Select Water Solutions were worth $14,904,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Select Water Solutions by 12.6% in the 4th quarter. American Century Companies Inc. now owns 3,174,675 shares of the company’s stock worth $42,033,000 after purchasing an additional 355,271 shares during the last quarter. Geode Capital Management LLC grew its stake in Select Water Solutions by 7.9% during the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock worth $23,683,000 after buying an additional 155,091 shares during the last quarter. Boston Partners grew its stake in Select Water Solutions by 4.3% during the fourth quarter. Boston Partners now owns 2,000,352 shares of the company’s stock worth $26,647,000 after buying an additional 81,746 shares during the last quarter. Van ECK Associates Corp increased its holdings 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 buying an additional 430,363 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of Select Water Solutions by 3.9% in the fourth quarter. Royce & Associates LP now owns 1,748,011 shares of the company’s stock valued at $23,144,000 after acquiring an additional 65,598 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Stock Performance

Select Water Solutions stock opened at $8.07 on Friday. The stock has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $12.17. The stock has a market capitalization of $962.06 million, a price-to-earnings ratio of 26.88 and a beta of 1.51. 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 12-month low of $7.58 and a 12-month high of $15.14.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $349.05 million during the quarter, compared to the consensus estimate of $333.62 million. On average, research analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The company also recently disclosed 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. This represents a $0.28 annualized dividend and a yield of 3.47%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend 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 business’s stock in a transaction dated 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 directly owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.40% of the company’s stock.

Analysts Set New Price Targets

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

Select Water Solutions 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.