Systematic Financial Management LP Has $19.84 Million Stake in Select Water Solutions, Inc. $WTTR

Systematic Financial Management LP reduced its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 5.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,296,601 shares of the company’s stock after selling 77,562 shares during the quarter. Systematic Financial Management LP’s holdings in Select Water Solutions were worth $19,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Select Water Solutions in the 3rd quarter valued at about $29,000. Osaic Holdings Inc. lifted its stake in Select Water Solutions by 59.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after purchasing an additional 1,830 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Select Water Solutions by 2,704.0% during the third quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock worth $60,000 after purchasing an additional 5,408 shares during the period. Jones Financial Companies Lllp grew its holdings in Select Water Solutions by 5,584.0% during the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock worth $75,000 after purchasing an additional 6,980 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Select Water Solutions by 190.5% during the second quarter. Tower Research Capital LLC TRC now owns 8,916 shares of the company’s stock worth $77,000 after buying an additional 5,847 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on WTTR. Zacks Research lowered Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Bank of America assumed coverage on Select Water Solutions in a research note on Friday, May 29th. They set a “buy” rating and a $22.00 target price for the company. Wall Street Zen raised Select Water Solutions from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research note on Monday, July 6th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $24.00 price target on shares of Select Water Solutions in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.40.

Insider Buying and Selling at Select Water Solutions

In related news, Director Richard Alan Burnett sold 45,316 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $18.74, for a total transaction of $849,221.84. Following the sale, the director owned 71,578 shares of the company’s stock, valued at $1,341,371.72. This represents a 38.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael Skarke sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $17.78, for a total value of $355,600.00. Following the transaction, the chief operating officer owned 360,738 shares in the company, valued at approximately $6,413,921.64. This trade represents a 5.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 222,010 shares of company stock valued at $3,925,971 in the last three months. Corporate insiders own 6.20% of the company’s stock.

Select Water Solutions Trading Down 2.6%

WTTR stock opened at $20.79 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 1.92. The company’s 50-day simple moving average is $19.06 and its 200 day simple moving average is $15.83. Select Water Solutions, Inc. has a 52 week low of $7.86 and a 52 week high of $21.67. The company has a market capitalization of $2.87 billion, a PE ratio of 98.99 and a beta of 0.98.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The business had revenue of $365.96 million during the quarter, compared to analysts’ expectations of $344.63 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business’s revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Select Water Solutions, Inc. will post 0.46 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Select Water Solutions’s dividend payout ratio (DPR) is currently 133.33%.

Select Water Solutions Company Profile

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.