Deprince Race & Zollo Inc. Acquires 3,520,091 Shares of Select Water Solutions, Inc. $WTTR

Deprince Race & Zollo Inc. boosted its holdings in Select Water Solutions, Inc. (NYSE:WTTR) by 1,334.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,783,865 shares of the company’s stock after acquiring an additional 3,520,091 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Select Water Solutions were worth $40,450,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its position in shares of Select Water Solutions by 3.8% during the second quarter. Harbor Capital Advisors Inc. now owns 1,054,145 shares of the company’s stock valued at $9,108,000 after purchasing an additional 38,692 shares in the last quarter. Strs Ohio purchased a new stake in Select Water Solutions in the 1st quarter valued at about $660,000. Palogic Value Management L.P. purchased a new stake in Select Water Solutions in the 1st quarter valued at about $682,000. Nuveen LLC bought a new position in shares of Select Water Solutions during the 1st quarter worth approximately $1,915,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of Select Water Solutions in the 1st quarter worth approximately $315,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

WTTR has been the subject of several recent analyst reports. Piper Sandler set a $14.00 price target on Select Water Solutions in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research report on Tuesday, October 14th. Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday. Raymond James Financial restated a “strong-buy” rating and set a $16.00 price target on shares of Select Water Solutions in a research report on Wednesday, November 5th. Finally, Northland Securities lowered shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Select Water Solutions Stock Down 0.1%

WTTR stock opened at $10.68 on Friday. The stock has a fifty day moving average of $10.82 and a 200-day moving average of $9.84. Select Water Solutions, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $14.65. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 56.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.64.

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

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 7th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, November 7th. Select Water Solutions’s dividend payout ratio is presently 147.37%.

Insider Buying and Selling

In related news, CEO John Schmitz sold 211,118 shares of Select Water Solutions stock in a transaction that occurred on Thursday, December 4th. The shares were 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 directly owned 32,687 shares in the company, valued at approximately $364,460.05. The trade was a 86.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 443,187 shares of company stock valued at $4,927,971. 8.40% of the stock is currently owned by company insiders.

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.