Empowered Funds LLC Grows Position in Select Water Solutions, Inc. $WTTR

Empowered Funds LLC lifted its holdings in Select Water Solutions, Inc. (NYSE:WTTR) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 666,767 shares of the company’s stock after buying an additional 13,219 shares during the period. Empowered Funds LLC’s holdings in Select Water Solutions were worth $5,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State of Wyoming raised its holdings in Select Water Solutions by 34.1% in the 1st quarter. State of Wyoming now owns 5,932 shares of the company’s stock valued at $62,000 after acquiring an additional 1,509 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Select Water Solutions by 380.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 8,140 shares of the company’s stock valued at $70,000 after purchasing an additional 6,446 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Select Water Solutions by 5,584.0% in the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock valued at $75,000 after purchasing an additional 6,980 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Select Water Solutions by 10.4% in the second quarter. Profund Advisors LLC now owns 17,730 shares of the company’s stock valued at $153,000 after purchasing an additional 1,663 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in Select Water Solutions during the first quarter worth approximately $155,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on WTTR. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a report on Tuesday, October 14th. Northland Securities lowered shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a report on Thursday, November 13th. Northland Capmk downgraded shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Raymond James Financial reiterated a “strong-buy” rating and issued a $16.00 target price on shares of Select Water Solutions in a report on Wednesday, November 5th. Finally, Wall Street Zen downgraded shares of Select Water Solutions from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 152,173 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $11.04, for a total transaction of $1,679,989.92. Following the transaction, the chief executive officer owned 39,646 shares of the company’s stock, valued at approximately $437,691.84. This represents a 79.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.40% of the company’s stock.

Select Water Solutions Stock Performance

Shares of WTTR stock opened at $9.37 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.64. The firm has a market cap of $1.13 billion, a P/E ratio of 49.30 and a beta of 1.18. The firm’s 50 day moving average price is $10.68 and its 200-day moving average price is $9.42. Select Water Solutions, Inc. has a one year low of $7.20 and a one year high of $15.14.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Select Water Solutions had a return on equity of 2.26% and a net margin of 1.41%.The company had revenue of $322.24 million for the quarter, compared to analyst estimates of $306.39 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. As a group, equities research analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 7th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, November 7th. Select Water Solutions’s payout ratio is currently 147.37%.

Select Water Solutions Company 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.