11,655 Shares in Select Water Solutions, Inc. (NYSE:WTTR) Purchased by Argent Trust Co

Argent Trust Co bought a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,655 shares of the company’s stock, valued at approximately $154,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WTTR. American Century Companies Inc. raised its holdings in shares of Select Water Solutions by 12.6% during the fourth quarter. American Century Companies Inc. now owns 3,174,675 shares of the company’s stock valued at $42,033,000 after buying an additional 355,271 shares during the last quarter. Geode Capital Management LLC increased its position in Select Water Solutions by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock valued at $23,683,000 after acquiring an additional 155,091 shares during the period. Boston Partners raised its stake in Select Water Solutions by 4.3% during the 4th quarter. Boston Partners now owns 2,000,352 shares of the company’s stock valued at $26,647,000 after acquiring an additional 81,746 shares in the last quarter. Van ECK Associates Corp boosted its position in Select Water Solutions by 27.4% during the 4th 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 period. Finally, Royce & Associates LP grew 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 worth $23,144,000 after purchasing an additional 65,598 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped their price objective 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.

Select Water Solutions Stock Up 0.8 %

WTTR opened at $8.07 on Friday. The stock’s fifty day moving average is $10.77 and its 200-day moving average is $12.17. Select Water Solutions, Inc. has a one year low of $7.58 and a one year high of $15.14. The company has a market capitalization of $962.06 million, a PE ratio of 26.88 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) earnings per share (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 business had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. On average, equities analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio is presently 93.33%.

Insider Buying and Selling

In related news, CEO John Schmitz sold 73,450 shares of Select Water Solutions stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total value 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 trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.40% of the company’s stock.

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.