Bridge City Capital LLC Sells 45,123 Shares of Select Water Solutions, Inc. $WTTR

Bridge City Capital LLC lowered its position in Select Water Solutions, Inc. (NYSE:WTTR) by 12.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 328,234 shares of the company’s stock after selling 45,123 shares during the period. Bridge City Capital LLC owned about 0.27% of Select Water Solutions worth $3,453,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WTTR. Royal Bank of Canada grew its holdings in shares of Select Water Solutions by 10.1% in the first quarter. Royal Bank of Canada now owns 531,681 shares of the company’s stock worth $5,582,000 after acquiring an additional 48,896 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Select Water Solutions by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,221 shares of the company’s stock worth $569,000 after acquiring an additional 2,356 shares during the period. Millennium Management LLC grew its holdings in shares of Select Water Solutions by 466.8% in the first quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock worth $10,236,000 after acquiring an additional 802,833 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Select Water Solutions by 5,584.0% in the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock worth $75,000 after acquiring an additional 6,980 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Select Water Solutions by 90.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,212,008 shares of the company’s stock worth $12,726,000 after acquiring an additional 576,660 shares during the period. Institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Brian Szymanski sold 20,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $17.04, for a total value of $340,800.00. Following the transaction, the chief accounting officer directly owned 114,752 shares in the company, valued at $1,955,374.08. The trade was a 14.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin H. Fielder sold 27,010 shares of the business’s stock in a transaction dated 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 222,010 shares of company stock valued at $3,925,971 over the last three months. Insiders own 6.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen lowered Select Water Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research raised Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Northland Securities set a $21.00 price target on Select Water Solutions in a report on Thursday, May 7th. Citigroup boosted their price target on Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Bank of America assumed coverage on Select Water Solutions in a report on Friday, May 29th. They set a “buy” rating and a $22.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Select Water Solutions has a consensus rating of “Buy” and an average price target of $22.40.

Select Water Solutions Stock Performance

NYSE:WTTR opened at $18.90 on Friday. The stock has a 50-day simple moving average of $17.31 and a two-hundred day simple moving average of $14.07. Select Water Solutions, Inc. has a 52-week low of $7.86 and a 52-week high of $20.48. 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 $2.61 billion, a PE ratio of 89.98 and a beta of 1.00.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.The business had revenue of $365.96 million during the quarter, compared to analyst estimates of $344.63 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. Select Water Solutions’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts forecast that Select Water Solutions, Inc. will post 0.38 EPS for the current year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Thursday, April 30th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, April 30th. Select Water Solutions’s payout ratio is presently 133.33%.

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.