Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 2.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 127,597 shares of the company’s stock after selling 3,807 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Select Water Solutions were worth $1,689,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust boosted its stake in Select Water Solutions by 24.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock worth $67,000 after buying an additional 1,007 shares during the last quarter. Amundi raised its holdings in shares of Select Water Solutions by 83.8% during the 4th quarter. Amundi now owns 9,010 shares of the company’s stock worth $119,000 after acquiring an additional 4,109 shares during the period. Truist Financial Corp purchased a new stake in shares of Select Water Solutions in the fourth quarter valued at about $134,000. Atria Investments Inc purchased a new stake in shares of Select Water Solutions in the fourth quarter valued at about $134,000. Finally, James Investment Research Inc. acquired a new stake in Select Water Solutions during the fourth quarter worth about $137,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Price Performance

NYSE:WTTR opened at $7.91 on Wednesday. The company has a market capitalization of $942.97 million, a P/E ratio of 26.35 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 $7.78 and a 52 week high of $15.14. The stock’s fifty day moving average is $11.15 and its two-hundred day moving average is $12.26.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). The company had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. Equities 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.54%. Select Water Solutions’s payout ratio is currently 93.33%.

Analyst Ratings Changes

Separately, Citigroup increased their price target 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.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the 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 transaction, the chief executive officer now owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. This represents a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.40% of the stock is owned by insiders.

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.