Raymond James Financial Services Advisors Inc. Invests $198,000 in Select Water Solutions, Inc. (NYSE:WTTR)

Raymond James Financial Services Advisors Inc. acquired a new position in Select Water Solutions, Inc. (NYSE:WTTR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 26,053 shares of the company’s stock, valued at approximately $198,000.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Select Water Solutions during the 3rd quarter valued at about $28,000. Principal Financial Group Inc. purchased a new position in Select Water Solutions during the 3rd quarter valued at about $95,000. Mackenzie Financial Corp purchased a new position in Select Water Solutions during the 3rd quarter valued at about $100,000. Clough Capital Partners L P bought a new stake in Select Water Solutions during the 3rd quarter valued at approximately $112,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in Select Water Solutions during the 3rd quarter valued at approximately $179,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

Separately, Northland Securities initiated coverage on Select Water Solutions in a research report on Monday. They set a “market perform” rating and a $11.50 price objective on the stock.

Insider Transactions at Select Water Solutions

In other news, CAO Brian Szymanski sold 6,422 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the sale, the chief accounting officer now directly owns 95,936 shares of the company’s stock, valued at approximately $825,049.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Nick L. Swyka sold 9,009 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $8.55, for a total value of $77,026.95. Following the transaction, the chief financial officer now directly owns 272,140 shares of the company’s stock, valued at approximately $2,326,797. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian Szymanski sold 6,422 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $8.60, for a total value of $55,229.20. Following the completion of the transaction, the chief accounting officer now directly owns 95,936 shares in the company, valued at $825,049.60. The disclosure for this sale can be found here. Insiders have sold a total of 46,511 shares of company stock valued at $398,053 in the last ninety days. 8.10% of the stock is currently owned by corporate insiders.

Select Water Solutions Stock Performance

Select Water Solutions stock opened at $9.36 on Thursday. The stock’s 50 day simple moving average is $8.87 and its two-hundred day simple moving average is $7.94. Select Water Solutions, Inc. has a fifty-two week low of $6.78 and a fifty-two week high of $9.74. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 12.82 and a beta of 1.66.

Select Water Solutions (NYSE:WTTR) last issued its quarterly 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 firm had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $378.12 million. During the same period in the previous year, the firm posted $0.07 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts predict that Select Water Solutions, Inc. will post 0.73 earnings per share for the current year.

Select Water Solutions Dividend Announcement

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

Select Water Solutions 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.