Squarepoint Ops LLC Acquires Shares of 27,867 Select Water Solutions, Inc. (NYSE:WTTR)

Squarepoint Ops LLC acquired a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,867 shares of the company’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Select Water Solutions by 3.2% during the fourth quarter. Wellington Management Group LLP now owns 4,699,066 shares of the company’s stock valued at $35,666,000 after acquiring an additional 145,714 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Select Water Solutions during the fourth quarter valued at $156,000. Bridge City Capital LLC increased its holdings in shares of Select Water Solutions by 2.9% during the first quarter. Bridge City Capital LLC now owns 273,698 shares of the company’s stock valued at $2,526,000 after acquiring an additional 7,777 shares in the last quarter. Vest Financial LLC bought a new position in shares of Select Water Solutions during the first quarter valued at $863,000. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Select Water Solutions during the first quarter valued at $969,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Northland Capmk upgraded Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $11.50 to $14.50 in a report on Thursday, August 22nd.

Select Water Solutions Price Performance

NYSE WTTR opened at $11.53 on Friday. Select Water Solutions, Inc. has a one year low of $6.78 and a one year high of $12.27. The stock has a 50-day moving average of $11.06 and a 200 day moving average of $10.47. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 19.88 and a beta of 1.65. 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 (NYSE:WTTR) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $365.13 million during the quarter, compared to the consensus estimate of $372.25 million. Select Water Solutions had a return on equity of 6.56% and a net margin of 3.91%. Select Water Solutions’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. On average, sell-side analysts forecast that Select Water Solutions, Inc. will post 0.48 EPS for the current year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.24 annualized dividend and a yield of 2.08%. Select Water Solutions’s payout ratio is 41.38%.

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.