Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its position in Select Water Solutions, Inc. (NYSE:WTTR) by 69.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,265 shares of the company’s stock after selling 38,952 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Select Water Solutions were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Select Water Solutions by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock valued at $46,000 after buying an additional 1,141 shares during the period. New York State Teachers Retirement System raised its stake in shares of Select Water Solutions by 13.8% in the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock valued at $93,000 after acquiring an additional 1,010 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in Select Water Solutions in the third quarter valued at $107,000. Creative Planning acquired a new position in Select Water Solutions during the 3rd quarter worth $112,000. Finally, CWM LLC increased its holdings in Select Water Solutions by 182.8% during the 3rd quarter. CWM LLC now owns 11,889 shares of the company’s stock worth $132,000 after purchasing an additional 7,685 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Price Performance

Shares of WTTR opened at $12.49 on Friday. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 21.17 and a beta of 1.76. The firm’s fifty day simple moving average is $13.72 and its 200-day simple moving average is $12.26. Select Water Solutions, Inc. has a twelve month low of $7.40 and a twelve month high of $15.14. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $371.35 million for the quarter, compared to analysts’ expectations of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. Select Water Solutions’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. Equities analysts forecast that Select Water Solutions, Inc. will post 0.39 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, February 4th. Select Water Solutions’s payout ratio is 47.46%.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their price objective on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, January 10th.

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.