Healthcare of Ontario Pension Plan Trust Fund Invests $602,000 in Select Water Solutions, Inc. $WTTR

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Select Water Solutions, Inc. (NYSE:WTTR) during the 1st quarter, HoldingsChannel reports. The fund bought 39,314 shares of the company’s stock, valued at approximately $602,000.

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

Select Water Solutions Price Performance

Shares of NYSE:WTTR opened at $18.49 on Monday. The company’s fifty day moving average is $18.94 and its two-hundred day moving average is $16.14. The company has a market cap of $2.55 billion, a P/E ratio of 88.05 and a beta of 0.98. Select Water Solutions, Inc. has a 12-month low of $7.86 and a 12-month high of $21.67. The company has a quick ratio of 1.76, a current ratio of 1.92 and a debt-to-equity ratio of 0.18.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $365.96 million for the quarter, compared to the consensus estimate of $344.63 million. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.Select Water Solutions’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Equities analysts expect that Select Water Solutions, Inc. will post 0.46 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 7th. Select Water Solutions’s dividend payout ratio is 133.33%.

Insider Activity at Select Water Solutions

In other Select Water Solutions news, COO Michael Skarke sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $17.78, for a total value of $355,600.00. Following the completion of the sale, the chief operating officer owned 360,738 shares in the company, valued at $6,413,921.64. This represents a 5.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian Szymanski sold 20,000 shares of Select Water Solutions stock in a transaction on Monday, May 11th. The shares were sold at an average price of $17.04, for a total transaction of $340,800.00. Following the sale, the chief accounting officer directly owned 114,752 shares of the company’s stock, valued at $1,955,374.08. This trade represents a 14.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 222,010 shares of company stock valued at $3,925,971 over the last ninety days. 6.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WTTR shares. Raymond James Financial restated a “strong-buy” rating and issued a $24.00 target price on shares of Select Water Solutions in a research report on Thursday, May 7th. Piper Sandler boosted their price objective on Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Bank of America initiated coverage on Select Water Solutions in a report on Friday, May 29th. They issued a “buy” rating and a $22.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a report on Monday, July 6th. Finally, Northland Securities set a $21.00 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.40.

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.