Select Water Solutions, Inc. $WTTR Stock Holdings Boosted by Cinctive Capital Management LP

Cinctive Capital Management LP increased its position in Select Water Solutions, Inc. (NYSE:WTTR) by 55.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 623,285 shares of the company’s stock after acquiring an additional 222,849 shares during the period. Cinctive Capital Management LP owned approximately 0.51% of Select Water Solutions worth $6,663,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Select Water Solutions by 10.1% during the 1st quarter. Royal Bank of Canada now owns 531,681 shares of the company’s stock valued at $5,582,000 after purchasing an additional 48,896 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 valued at $569,000 after purchasing an additional 2,356 shares during the period. Millennium Management LLC raised its holdings in shares of Select Water Solutions by 466.8% during the first quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock valued at $10,236,000 after buying an additional 802,833 shares during the last quarter. Jones Financial Companies Lllp raised its holdings 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 valued at $75,000 after buying an additional 6,980 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Select Water Solutions by 90.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,212,008 shares of the company’s stock worth $12,726,000 after buying an additional 576,660 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO John Schmitz sold 33,916 shares of Select Water Solutions stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $13.03, for a total transaction of $441,925.48. Following the transaction, the chief executive officer directly owned 249,243 shares of the company’s stock, valued at $3,247,636.29. The trade was a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.40% of the stock is owned by corporate insiders.

Select Water Solutions Price Performance

NYSE WTTR opened at $14.02 on Friday. Select Water Solutions, Inc. has a 12 month low of $7.20 and a 12 month high of $15.45. The firm has a market capitalization of $1.70 billion, a PE ratio of 66.74 and a beta of 0.98. The company’s 50 day simple moving average is $12.66 and its 200 day simple moving average is $11.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.57 and a quick ratio of 1.42.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, February 17th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). The firm had revenue of $346.50 million during the quarter, compared to analyst estimates of $320.85 million. Select Water Solutions had a return on equity of 2.30% and a net margin of 1.51%.The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) earnings per share. As a group, equities research analysts forecast 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 Wednesday, February 18th. Stockholders of record on Friday, February 6th were issued a $0.07 dividend. The ex-dividend date was Friday, February 6th. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. Select Water Solutions’s dividend payout ratio is 133.33%.

Analysts Set New Price Targets

WTTR has been the topic of several analyst reports. Piper Sandler raised their target price on Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Wall Street Zen upgraded Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. Citigroup raised their price target on Select Water Solutions from $15.00 to $16.50 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Select Water Solutions has a consensus rating of “Buy” and a consensus price target of $16.63.

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.