Healthcare of Ontario Pension Plan Trust Fund Takes $602,000 Position in Select Water Solutions, Inc. $WTTR

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 39,314 shares of the company’s stock, valued at approximately $602,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Select Water Solutions during the fourth quarter worth $1,557,000. UBS Group AG grew its holdings in Select Water Solutions by 46.0% during the 4th quarter. UBS Group AG now owns 230,614 shares of the company’s stock valued at $2,426,000 after purchasing an additional 72,613 shares in the last quarter. Needham Investment Management LLC increased its stake in Select Water Solutions by 34.8% during the 4th quarter. Needham Investment Management LLC now owns 775,000 shares of the company’s stock worth $8,153,000 after buying an additional 200,000 shares during the period. Perigon Wealth Management LLC purchased a new stake in Select Water Solutions during the 4th quarter worth $443,000. Finally, Systematic Financial Management LP lifted its holdings in Select Water Solutions by 3.9% in the 4th quarter. Systematic Financial Management LP now owns 1,374,163 shares of the company’s stock worth $14,456,000 after buying an additional 52,182 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Trading Down 0.2%

NYSE WTTR opened at $18.49 on Monday. Select Water Solutions, Inc. has a one year low of $7.86 and a one year high of $21.67. The company has a 50-day simple moving average of $18.94 and a 200-day simple moving average of $16.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 1.92. The firm has a market capitalization of $2.55 billion, a PE ratio of 88.05 and a beta of 0.98.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The firm had revenue of $365.96 million for the quarter, compared to analyst estimates of $344.63 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. Select Water Solutions’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities analysts forecast that Select Water Solutions, Inc. will post 0.46 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 7th. Select Water Solutions’s dividend payout ratio is presently 133.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on WTTR shares. Wall Street Zen upgraded Select Water Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Northland Securities set a $21.00 price objective on Select Water Solutions in a report on Thursday, May 7th. Zacks Research lowered Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research note on Monday, July 6th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $24.00 price target on shares of Select Water Solutions in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.40.

Insider Buying and Selling

In other Select Water Solutions news, Director Richard Alan Burnett sold 45,316 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $18.74, for a total value of $849,221.84. Following the sale, the director directly owned 71,578 shares of the company’s stock, valued at $1,341,371.72. This trade represents a 38.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robin H. Fielder sold 27,010 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $16.80, for a total value of $453,768.00. Following the completion of the sale, the director owned 43,315 shares in the company, valued at $727,692. The trade was a 38.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 222,010 shares of company stock worth $3,925,971. Company insiders own 6.20% of the company’s stock.

Select Water Solutions Profile

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.