CoreCommodity Management LLC Has $1.34 Million Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

CoreCommodity Management LLC lifted its position in Select Water Solutions, Inc. (NYSE:WTTR) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,860 shares of the company’s stock after acquiring an additional 1,544 shares during the period. CoreCommodity Management LLC owned about 0.08% of Select Water Solutions worth $1,335,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. First Trust Advisors LP grew its position in Select Water Solutions by 21.9% during the 4th quarter. First Trust Advisors LP now owns 6,828,596 shares of the company’s stock worth $90,411,000 after purchasing an additional 1,226,061 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in shares of Select Water Solutions in the fourth quarter worth $7,274,000. Penn Capital Management Company LLC acquired a new stake in shares of Select Water Solutions in the fourth quarter worth $5,751,000. Van ECK Associates Corp grew its holdings in shares of Select Water Solutions by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock valued at $26,456,000 after buying an additional 430,363 shares in the last quarter. Finally, Corigliano Investment Advisers LLC acquired a new position in Select Water Solutions during the fourth quarter valued at $5,624,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Activity

In related news, CEO John Schmitz sold 73,450 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were 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 trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Select Water Solutions Stock Down 1.2 %

WTTR stock opened at $8.25 on Wednesday. The company has a 50 day moving average of $9.37 and a two-hundred day moving average of $11.86. The company has a market cap of $984.13 million, a price-to-earnings ratio of 27.50 and a beta of 1.28. Select Water Solutions, Inc. has a 12-month low of $7.58 and a 12-month high of $15.14. 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 (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $374.38 million for the quarter, compared to the consensus estimate of $360.78 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. Select Water Solutions’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 earnings per share. On average, equities analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.28 annualized dividend and a dividend yield of 3.39%. Select Water Solutions’s dividend payout ratio is 93.33%.

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.