Paradigm Capital Management Inc. NY Purchases Shares of 174,900 Select Water Solutions, Inc. $WTTR

Paradigm Capital Management Inc. NY acquired a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 174,900 shares of the company’s stock, valued at approximately $8,838,000. Paradigm Capital Management Inc. NY owned about 0.13% of Select Water Solutions as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WTTR. Wilmington Savings Fund Society FSB purchased a new stake in Select Water Solutions during the third quarter valued at about $29,000. Osaic Holdings Inc. grew its holdings in shares of Select Water Solutions by 59.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after purchasing an additional 1,830 shares during the period. CIBC Private Wealth Group LLC increased its position in 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 purchasing an additional 5,408 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in 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 buying an additional 6,980 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in 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 buying an additional 5,847 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WTTR has been the subject of several research reports. Northland Securities set a $21.00 price objective on shares of Select Water Solutions in a research note on Thursday, May 7th. Zacks Research cut shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Piper Sandler increased their price target on Select Water Solutions from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Raymond James Financial cut Select Water Solutions from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $24.00 to $26.00 in a research note on Thursday, August 6th. Finally, Citigroup increased their target price on Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Select Water Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Select Water Solutions Price Performance

WTTR opened at $19.22 on Tuesday. Select Water Solutions, Inc. has a twelve month low of $8.16 and a twelve month high of $22.55. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 68.64 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $19.51 and a 200 day simple moving average of $17.10.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $395.81 million during the quarter, compared to analysts’ expectations of $373.33 million. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.11%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 EPS. Equities research analysts expect that Select Water Solutions, Inc. will post 0.56 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. Select Water Solutions’s dividend payout ratio is currently 100.00%.

About Select Water Solutions

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.