Select Water Solutions, Inc. $WTTR Shares Sold by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. decreased its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 22.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,979 shares of the company’s stock after selling 33,004 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. owned 0.09% of Select Water Solutions worth $1,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Select Water Solutions in the third quarter valued at $29,000. Osaic Holdings Inc. boosted its holdings in shares of Select Water Solutions by 59.9% during the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after acquiring an additional 1,830 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Select Water Solutions by 2,704.0% during the third quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after acquiring an additional 5,408 shares during the period. Jones Financial Companies Lllp grew its position in shares of Select Water Solutions by 5,584.0% during 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 last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Select Water Solutions by 190.5% during the second quarter. Tower Research Capital LLC TRC now owns 8,916 shares of the company’s stock worth $77,000 after acquiring an additional 5,847 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Price Performance

Shares of NYSE:WTTR opened at $17.97 on Friday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 85.57 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.76. Select Water Solutions, Inc. has a 12 month low of $7.86 and a 12 month high of $20.48. The stock’s 50 day moving average price is $18.33 and its 200 day moving average price is $14.90.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $365.96 million for the quarter, compared to analyst estimates of $344.63 million. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.Select Water Solutions’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 earnings per share. Equities research analysts anticipate that Select Water Solutions, Inc. will post 0.45 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. Select Water Solutions’s dividend payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WTTR. Bank of America initiated coverage on shares of Select Water Solutions in a research report on Friday, May 29th. They issued a “buy” rating and a $22.00 price objective on the stock. Piper Sandler upped their target price on shares of Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Zacks Research upgraded shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a report on Wednesday, April 8th. Finally, Wall Street Zen downgraded Select Water Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Select Water Solutions presently has a consensus rating of “Buy” and a consensus target price of $22.40.

Insider Activity

In related news, COO Michael Skarke sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $17.78, for a total value of $355,600.00. Following the completion of the transaction, the chief operating officer owned 360,738 shares of the company’s stock, valued at approximately $6,413,921.64. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robin H. Fielder sold 27,010 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $16.80, for a total value of $453,768.00. Following the completion of the sale, the director directly owned 43,315 shares of the company’s stock, valued at approximately $727,692. This represents a 38.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 222,010 shares of company stock worth $3,925,971 in the last quarter. Insiders own 6.20% of the company’s stock.

Select Water Solutions Company 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.