Guggenheim Capital LLC Lowers Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

Guggenheim Capital LLC lowered its position in Select Water Solutions, Inc. (NYSE:WTTR) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,483 shares of the company’s stock after selling 2,055 shares during the quarter. Guggenheim Capital LLC’s holdings in Select Water Solutions were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Select Water Solutions by 23.8% in the fourth quarter. Barclays PLC now owns 174,066 shares of the company’s stock valued at $2,305,000 after acquiring an additional 33,418 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Select Water Solutions by 13.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company’s stock valued at $126,000 after acquiring an additional 1,143 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Select Water Solutions by 71,422.4% in the fourth quarter. Sterling Capital Management LLC now owns 230,302 shares of the company’s stock valued at $3,049,000 after acquiring an additional 229,980 shares during the last quarter. Argent Trust Co acquired a new position in Select Water Solutions in the fourth quarter valued at $154,000. Finally, Kennedy Capital Management LLC boosted its holdings in Select Water Solutions by 11.0% in the fourth quarter. Kennedy Capital Management LLC now owns 345,549 shares of the company’s stock valued at $4,575,000 after acquiring an additional 34,375 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Trading Up 0.7 %

Shares of WTTR opened at $8.90 on Tuesday. The stock’s 50-day moving average is $9.81 and its two-hundred day moving average is $11.97. The stock has a market cap of $1.06 billion, a PE ratio of 29.67 and a beta of 1.51. Select Water Solutions, Inc. has a 12 month low of $7.58 and a 12 month high of $15.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) EPS 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 for the quarter, compared to analyst estimates of $333.62 million. Equities analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Tuesday, May 6th. Select Water Solutions’s dividend payout ratio (DPR) is 93.33%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related 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 value 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 $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.40% of the company’s stock.

About Select Water Solutions

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.