Miller Howard Investments Inc. NY Boosts Position in Select Water Solutions, Inc. $WTTR

Miller Howard Investments Inc. NY grew its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 27.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,029 shares of the company’s stock after buying an additional 55,696 shares during the quarter. Miller Howard Investments Inc. NY owned 0.22% of Select Water Solutions worth $2,801,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its position in Select Water Solutions by 3.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,054,145 shares of the company’s stock worth $9,108,000 after purchasing an additional 38,692 shares during the period. Strs Ohio purchased a new position in Select Water Solutions in the first quarter valued at about $660,000. Deprince Race & Zollo Inc. lifted its stake in shares of Select Water Solutions by 1,334.5% during the third quarter. Deprince Race & Zollo Inc. now owns 3,783,865 shares of the company’s stock worth $40,450,000 after purchasing an additional 3,520,091 shares in the last quarter. Villanova Investment Management Co LLC boosted its position in shares of Select Water Solutions by 181.8% in the second quarter. Villanova Investment Management Co LLC now owns 217,519 shares of the company’s stock worth $1,879,000 after buying an additional 140,328 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Select Water Solutions by 4.0% in the second quarter. American Century Companies Inc. now owns 3,660,705 shares of the company’s stock worth $31,628,000 after buying an additional 142,449 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Tuesday, October 14th. Piper Sandler set a $14.00 price objective on shares of Select Water Solutions in a research note on Thursday, December 18th. Northland Capmk cut shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Raymond James Financial restated a “strong-buy” rating and issued a $16.00 target price on shares of Select Water Solutions in a research note on Wednesday, November 5th. Finally, Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Select Water Solutions Stock Down 0.7%

Shares of NYSE:WTTR opened at $11.16 on Friday. Select Water Solutions, Inc. has a 12-month low of $7.20 and a 12-month high of $14.65. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.35 billion, a PE ratio of 58.72 and a beta of 0.98. The company has a fifty day simple moving average of $10.70 and a 200 day simple moving average of $9.97.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $322.24 million during the quarter, compared to analyst estimates of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. On average, equities research analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, November 7th. This represents a $0.28 annualized dividend and a yield of 2.5%. Select Water Solutions’s dividend payout ratio is presently 147.37%.

Insider Buying and Selling

In other news, CEO John Schmitz sold 211,118 shares of Select Water Solutions stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $11.15, for a total value of $2,353,965.70. Following the completion of the transaction, the chief executive officer owned 32,687 shares in the company, valued at approximately $364,460.05. This trade represents a 86.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 443,187 shares of company stock worth $4,927,971. Company insiders own 8.40% of the company’s stock.

About Select Water Solutions

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.