Atria Investments Inc Makes New $134,000 Investment in Select Water Solutions, Inc. (NYSE:WTTR)

Atria Investments Inc purchased a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the 4th quarter, HoldingsChannel reports. The firm purchased 10,085 shares of the company’s stock, valued at approximately $134,000.

Several other large investors also recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Select Water Solutions by 51.9% during the 3rd quarter. FMR LLC now owns 3,728,787 shares of the company’s stock worth $41,501,000 after acquiring an additional 1,274,600 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Select Water Solutions by 27.4% during the 4th quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock worth $26,456,000 after acquiring an additional 430,363 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Select Water Solutions by 32.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company’s stock worth $14,981,000 after acquiring an additional 329,353 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Select Water Solutions by 277.8% during the 4th quarter. New York State Common Retirement Fund now owns 421,754 shares of the company’s stock worth $5,584,000 after acquiring an additional 310,125 shares in the last quarter. Finally, Icon Wealth Advisors LLC boosted its position in shares of Select Water Solutions by 82.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $7,007,000 after acquiring an additional 284,891 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Stock Performance

Shares of WTTR stock opened at $10.12 on Thursday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 33.72 and a beta of 1.77. The stock has a 50 day simple moving average of $12.33 and a 200-day simple moving average of $12.38. Select Water Solutions, Inc. has a 12-month low of $8.60 and a 12-month high of $15.14. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

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

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is 93.33%.

Analysts Set New Price Targets

Separately, Citigroup upped 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.

Insider Buying and Selling at Select Water Solutions

In other news, CEO John Schmitz sold 73,450 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the sale, the chief executive officer now owns 2,825,128 shares of the company’s stock, valued at $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.40% of the stock is owned by company insiders.

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.