Schroder Investment Management Group Buys Shares of 125,713 Select Water Solutions, Inc. (NYSE:WTTR)

Schroder Investment Management Group purchased a new stake in Select Water Solutions, Inc. (NYSE:WTTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 125,713 shares of the company’s stock, valued at approximately $1,664,000. Schroder Investment Management Group owned approximately 0.11% of Select Water Solutions as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WTTR. Parkside Financial Bank & Trust grew its holdings in Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock valued at $67,000 after buying an additional 1,007 shares during the last quarter. Amundi lifted its position in shares of Select Water Solutions by 83.8% in the fourth quarter. Amundi now owns 9,010 shares of the company’s stock valued at $119,000 after acquiring an additional 4,109 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of Select Water Solutions during the fourth quarter valued at $134,000. Atria Investments Inc purchased a new stake in Select Water Solutions during the 4th quarter worth about $134,000. Finally, James Investment Research Inc. acquired a new position in Select Water Solutions in the 4th quarter valued at about $137,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction 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 in the company, valued at approximately $38,145,286.48. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.40% of the stock is currently owned by company insiders.

Select Water Solutions Price Performance

WTTR stock opened at $8.72 on Monday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 29.05 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 52-week low of $8.50 and a 52-week high of $15.14. The stock’s fifty day simple moving average is $11.45 and its 200-day simple moving average is $12.34.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). The business had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. Equities research analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a yield of 3.21%. Select Water Solutions’s payout ratio is 93.33%.

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.