Ranger Investment Management L.P. Acquires Shares of 239,795 Select Water Solutions, Inc. $WTTR

Ranger Investment Management L.P. bought a new position in Select Water Solutions, Inc. (NYSE:WTTR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 239,795 shares of the company’s stock, valued at approximately $4,791,000.

Other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Select Water Solutions during the 3rd quarter valued at $29,000. Osaic Holdings Inc. raised its position 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 worth $42,000 after purchasing 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% in the third quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock worth $60,000 after buying an additional 5,408 shares during the period. Jones Financial Companies Lllp grew its position in Select Water Solutions by 5,584.0% during the 1st quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock worth $75,000 after purchasing an additional 6,980 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Select Water Solutions by 190.5% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Monday, July 6th. Bank of America initiated coverage on shares of Select Water Solutions in a report on Friday, May 29th. They set a “buy” rating and a $22.00 price target for the company. Piper Sandler raised their price target on Select Water Solutions from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Finally, Northland Securities set a $21.00 price objective on Select Water Solutions in a research note on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Select Water Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Select Water Solutions Stock Up 0.1%

NYSE WTTR opened at $19.73 on Monday. Select Water Solutions, Inc. has a twelve month low of $8.06 and a twelve month high of $22.55. The stock has a market cap of $2.73 billion, a PE ratio of 70.46 and a beta of 0.99. The firm has a 50-day simple moving average of $19.49 and a 200 day simple moving average of $17.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.40 and a current ratio of 1.58.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm had revenue of $395.81 million for the quarter, compared to analyst estimates of $373.33 million. Select Water Solutions had a return on equity of 3.11% and a net margin of 2.24%.The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. On average, research analysts forecast that Select Water Solutions, Inc. will post 0.56 EPS for the current year.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th were given a dividend of $0.07 per share. The ex-dividend date was Friday, August 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. Select Water Solutions’s payout ratio is currently 100.00%.

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.