New York State Teachers Retirement System Buys New Shares in Select Water Solutions, Inc. (NYSE:WTTR)

New York State Teachers Retirement System purchased a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,149 shares of the company’s stock, valued at approximately $54,000.

A number of other institutional investors also recently bought and sold shares of WTTR. Quarry LP lifted its holdings in Select Water Solutions by 189.1% during the 2nd quarter. Quarry LP now owns 3,166 shares of the company’s stock worth $26,000 after buying an additional 2,071 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Select Water Solutions during the third quarter worth about $28,000. Castleview Partners LLC acquired a new stake in shares of Select Water Solutions during the second quarter worth about $40,000. Tower Research Capital LLC TRC increased its position in shares of Select Water Solutions by 43.2% during the third quarter. Tower Research Capital LLC TRC now owns 7,616 shares of the company’s stock worth $53,000 after purchasing an additional 2,297 shares in the last quarter. Finally, FMR LLC increased its position in shares of Select Water Solutions by 45.5% during the third quarter. FMR LLC now owns 6,992 shares of the company’s stock worth $56,000 after purchasing an additional 2,188 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Stock Performance

WTTR opened at $9.35 on Friday. The business’s 50-day simple moving average is $8.80 and its 200-day simple moving average is $7.91. Select Water Solutions, Inc. has a one year low of $6.78 and a one year high of $9.74. The stock has a market capitalization of $1.10 billion, a P/E ratio of 12.81 and a beta of 1.66.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Tuesday, February 20th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.11. Select Water Solutions had a return on equity of 8.46% and a net margin of 4.69%. The business had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $378.12 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts forecast that Select Water Solutions, Inc. will post 0.73 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.57%. The ex-dividend date was Tuesday, February 6th. Select Water Solutions’s dividend payout ratio (DPR) is presently 32.88%.

Insider Activity at Select Water Solutions

In related news, CAO Brian Szymanski sold 6,422 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the transaction, the chief accounting officer now owns 95,936 shares in the company, valued at approximately $825,049.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Brian Szymanski sold 6,422 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the transaction, the chief accounting officer now owns 95,936 shares in the company, valued at approximately $825,049.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher Kile George sold 23,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $8.63, for a total value of $198,490.00. Following the completion of the transaction, the senior vice president now owns 255,587 shares in the company, valued at approximately $2,205,715.81. The disclosure for this sale can be found here. Insiders have sold 46,511 shares of company stock worth $398,053 in the last quarter. Company insiders own 8.40% of the company’s stock.

About Select Water Solutions

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.