Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,947 shares of the company’s stock after selling 6,984 shares during the period. Inspire Investing LLC’s holdings in Select Water Solutions were worth $463,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WTTR. GAMMA Investing LLC increased its holdings in shares of Select Water Solutions by 37.9% during the third quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock valued at $46,000 after purchasing an additional 1,141 shares during the period. New York State Teachers Retirement System increased its holdings in shares of 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 valued at $93,000 after purchasing an additional 1,010 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in shares of Select Water Solutions during the third quarter valued at $107,000. Creative Planning acquired a new position in shares of Select Water Solutions during the third quarter valued at $112,000. Finally, CWM LLC increased its holdings in shares of Select Water Solutions by 182.8% during the third quarter. CWM LLC now owns 11,889 shares of the company’s stock valued at $132,000 after purchasing an additional 7,685 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

Select Water Solutions Trading Up 0.6 %

Shares of WTTR stock opened at $13.91 on Friday. The stock has a 50-day simple moving average of $13.86 and a 200 day simple moving average of $12.18. Select Water Solutions, Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $15.14. The stock has a market capitalization of $1.66 billion, a P/E ratio of 23.58 and a beta of 1.76. 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 announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The business had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts expect that Select Water Solutions, Inc. will post 0.39 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.01%. Select Water Solutions’s dividend payout ratio is currently 47.46%.

Wall Street Analyst Weigh In

Separately, Citigroup raised their price target on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a 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.