Dimensional Fund Advisors LP Buys 185,821 Shares of Select Water Solutions, Inc. $WTTR

Dimensional Fund Advisors LP boosted its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 2.9% in the first quarter, HoldingsChannel reports. The firm owned 6,550,309 shares of the company’s stock after buying an additional 185,821 shares during the period. Dimensional Fund Advisors LP owned approximately 0.05% of Select Water Solutions worth $100,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Select Water Solutions during the third quarter valued at about $29,000. Osaic Holdings Inc. boosted its position 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 in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Select Water Solutions by 2,704.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after buying an additional 5,408 shares during the period. Jones Financial Companies Lllp grew 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 valued at $75,000 after buying an additional 6,980 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Select Water Solutions by 190.5% in the 2nd 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 in the last quarter. 81.73% of the stock is owned by institutional investors.

Select Water Solutions Stock Down 0.9%

Shares of NYSE WTTR opened at $17.85 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.76. The company has a 50-day moving average price of $18.98 and a 200-day moving average price of $16.04. The stock has a market capitalization of $2.47 billion, a P/E ratio of 84.98 and a beta of 0.98. Select Water Solutions, Inc. has a 1 year low of $7.86 and a 1 year high of $21.67.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $365.96 million for the quarter, compared to analyst estimates of $344.63 million. During the same quarter in the prior year, the business posted $0.08 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Select Water Solutions, Inc. will post 0.46 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 7th. Select Water Solutions’s payout ratio is currently 133.33%.

Analyst Ratings Changes

A number of research firms recently weighed in on WTTR. Raymond James Financial reaffirmed a “strong-buy” rating and set a $24.00 price target on shares of Select Water Solutions in a research note on Thursday, May 7th. Piper Sandler raised their price objective on Select Water Solutions from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Citigroup boosted their price objective on Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Wall Street Zen raised Select Water Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research report on Monday, July 6th. One equities 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.40.

Insider Buying and Selling

In other news, Director Robin H. Fielder sold 27,010 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $16.80, for a total value of $453,768.00. Following the completion of the sale, the director directly owned 43,315 shares of the company’s stock, valued at $727,692. This represents a 38.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Alan Burnett sold 45,316 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $18.74, for a total value of $849,221.84. Following the completion of the transaction, the director owned 71,578 shares in the company, valued at $1,341,371.72. This represents a 38.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 222,010 shares of company stock valued at $3,925,971. 6.20% of the stock is owned by company insiders.

Select Water Solutions 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.