Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in Select Water Solutions, Inc. $WTTR

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Select Water Solutions, Inc. (NYSE:WTTR) in the 4th quarter, Holdings Channel.com reports. The fund bought 147,983 shares of the company’s stock, valued at approximately $1,557,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WTTR. Royal Bank of Canada increased its stake in shares of Select Water Solutions by 10.1% in the 1st quarter. Royal Bank of Canada now owns 531,681 shares of the company’s stock valued at $5,582,000 after buying an additional 48,896 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Select Water Solutions by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,221 shares of the company’s stock worth $569,000 after purchasing an additional 2,356 shares during the last quarter. Millennium Management LLC boosted its position in shares of Select Water Solutions by 466.8% in the 1st quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock worth $10,236,000 after purchasing an additional 802,833 shares during the last quarter. Jones Financial Companies Lllp boosted its position 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 purchasing an additional 6,980 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Select Water Solutions by 90.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,212,008 shares of the company’s stock worth $12,726,000 after purchasing an additional 576,660 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Select Water Solutions Stock Down 1.8%

NYSE:WTTR opened at $19.28 on Friday. The stock’s fifty day simple moving average is $16.15 and its 200-day simple moving average is $13.23. The company has a quick ratio of 1.76, a current ratio of 1.92 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.66 billion, a P/E ratio of 91.80 and a beta of 0.99. Select Water Solutions, Inc. has a 12-month low of $7.82 and a 12-month high of $20.48.

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 the consensus estimate of $0.06 by $0.02. The firm had revenue of $365.96 million for the quarter, compared to analyst estimates of $344.63 million. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. Equities research analysts expect that Select Water Solutions, Inc. will post 0.29 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, April 30th. This represents a $0.28 annualized dividend and a yield of 1.5%. Select Water Solutions’s payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WTTR. Wall Street Zen upgraded Select Water Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research report on Wednesday, April 8th. Northland Securities set a $21.00 price target on Select Water Solutions in a research report on Thursday, May 7th. Citigroup raised their price target on Select Water Solutions from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Piper Sandler raised their price target on Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Select Water Solutions has an average rating of “Buy” and a consensus price target of $22.50.

Insiders Place Their Bets

In other Select Water Solutions news, CAO Brian Szymanski sold 20,000 shares of Select Water Solutions stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $17.04, for a total transaction of $340,800.00. Following the transaction, the chief accounting officer directly owned 114,752 shares in the company, valued at approximately $1,955,374.08. The trade was a 14.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robin H. Fielder sold 27,010 shares of Select Water Solutions stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $16.80, for a total value of $453,768.00. Following the transaction, the director owned 43,315 shares in the company, valued at approximately $727,692. This represents a 38.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 222,010 shares of company stock valued at $3,925,971. Insiders own 6.20% of the company’s stock.

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.