Select Water Solutions, Inc. (NYSE:WTTR) Shares Bought by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC increased its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 82.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 629,569 shares of the company’s stock after purchasing an additional 284,891 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Select Water Solutions were worth $7,007,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Select Water Solutions by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 5,619,256 shares of the company’s stock valued at $51,866,000 after acquiring an additional 188,347 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Select Water Solutions by 15.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,993 shares of the company’s stock valued at $213,000 after purchasing an additional 3,142 shares in the last quarter. Janus Henderson Group PLC boosted its position in Select Water Solutions by 94.7% during the first quarter. Janus Henderson Group PLC now owns 54,711 shares of the company’s stock valued at $505,000 after purchasing an additional 26,608 shares during the last quarter. Comerica Bank grew its stake in shares of Select Water Solutions by 5,815.5% in the 1st quarter. Comerica Bank now owns 35,079 shares of the company’s stock valued at $324,000 after buying an additional 34,486 shares in the last quarter. Finally, SG Capital Management LLC increased its stake in shares of Select Water Solutions by 3.0% during the 1st quarter. SG Capital Management LLC now owns 160,299 shares of the company’s stock worth $1,480,000 after purchasing an additional 4,694 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on WTTR shares. Northland Capmk raised shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $11.50 to $14.50 in a research report on Thursday, August 22nd.

Select Water Solutions Stock Performance

WTTR stock opened at $14.67 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.75 billion, a P/E ratio of 24.86 and a beta of 1.67. The business’s fifty day moving average is $12.04 and its 200-day moving average is $11.21. Select Water Solutions, Inc. has a twelve month low of $6.99 and a twelve month high of $14.87.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $371.35 million for the quarter, compared to analyst estimates 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 revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. Equities research analysts forecast that Select Water Solutions, Inc. will post 0.4 EPS for the current year.

Select Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This is a boost from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.91%. Select Water Solutions’s dividend payout ratio (DPR) is currently 47.46%.

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.