CenterBook Partners LP Decreases Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

CenterBook Partners LP lessened its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 42.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 540,856 shares of the company’s stock after selling 393,037 shares during the quarter. CenterBook Partners LP owned about 0.45% of Select Water Solutions worth $7,161,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in WTTR. Parkside Financial Bank & Trust raised its stake in Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock valued at $67,000 after buying an additional 1,007 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in Select Water Solutions by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company’s stock valued at $680,000 after acquiring an additional 1,073 shares during the period. Inspire Advisors LLC boosted its position in Select Water Solutions by 6.2% in the fourth quarter. Inspire Advisors LLC now owns 20,751 shares of the company’s stock worth $275,000 after purchasing an additional 1,216 shares during the last quarter. Swiss National Bank grew its stake in shares of Select Water Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 181,900 shares of the company’s stock valued at $2,408,000 after purchasing an additional 1,400 shares during the period. Finally, Lane Generational LLC increased its position in shares of Select Water Solutions by 0.5% during the 4th quarter. Lane Generational LLC now owns 314,929 shares of the company’s stock valued at $4,170,000 after purchasing an additional 1,638 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Price Performance

Shares of NYSE:WTTR opened at $7.91 on Wednesday. The company has a market capitalization of $942.97 million, a P/E ratio of 26.35 and a beta of 1.51. Select Water Solutions, Inc. has a 1-year low of $7.68 and a 1-year high of $15.14. The firm’s 50 day simple moving average is $11.15 and its two-hundred day simple moving average is $12.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The business had revenue of $349.05 million during the quarter, compared to analysts’ expectations of $333.62 million. Research analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is currently 93.33%.

Insider Activity

In related news, CEO John Schmitz sold 73,450 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.40% of the company’s stock.

Wall Street Analyst Weigh In

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

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.