Americana Partners LLC Sells 5,000 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Americana Partners LLC trimmed its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,069 shares of the company’s stock after selling 5,000 shares during the period. Americana Partners LLC owned 0.14% of Select Water Solutions worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Select Water Solutions by 57.3% in the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock valued at $32,000 after purchasing an additional 1,096 shares during the period. ProShare Advisors LLC grew its stake in Select Water Solutions by 8.6% in the 1st quarter. ProShare Advisors LLC now owns 14,356 shares of the company’s stock valued at $133,000 after buying an additional 1,131 shares in the last quarter. CWM LLC raised its holdings in Select Water Solutions by 55.2% during the 2nd quarter. CWM LLC now owns 4,204 shares of the company’s stock valued at $45,000 after acquiring an additional 1,496 shares during the period. Natixis Advisors L.P. lifted its position in shares of Select Water Solutions by 10.6% during the fourth quarter. Natixis Advisors L.P. now owns 29,229 shares of the company’s stock worth $221,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Select Water Solutions by 15.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,993 shares of the company’s stock worth $213,000 after acquiring an additional 3,142 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WTTR has been the topic of a number of analyst reports. Citigroup upgraded Select Water Solutions from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, May 9th. Northland Capmk upgraded Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Finally, Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $11.50 to $14.50 in a research report on Thursday, August 22nd.

Select Water Solutions Trading Up 0.6 %

Select Water Solutions stock opened at $11.53 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.63 and a current ratio of 1.81. Select Water Solutions, Inc. has a fifty-two week low of $6.78 and a fifty-two week high of $12.27. The stock has a market cap of $1.37 billion, a P/E ratio of 17.74 and a beta of 1.69. The firm’s fifty day moving average price is $10.96 and its 200-day moving average price is $9.96.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Tuesday, July 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. Select Water Solutions had a return on equity of 6.56% and a net margin of 3.91%. The business had revenue of $365.13 million during the quarter, compared to analysts’ expectations of $372.25 million. During the same period in the previous year, the business earned $0.20 earnings per share. The firm’s revenue was down 9.8% on a year-over-year basis. Equities research analysts forecast that Select Water Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, August 5th. Select Water Solutions’s dividend payout ratio (DPR) is 36.92%.

Select Water Solutions Company 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.