Icon Wealth Advisors LLC Sells 296,604 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Icon Wealth Advisors LLC decreased its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 86.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 48,074 shares of the company’s stock after selling 296,604 shares during the period. Icon Wealth Advisors LLC’s holdings in Select Water Solutions were worth $535,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Select Water Solutions by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock valued at $32,000 after purchasing an additional 1,096 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Select Water Solutions during the 2nd quarter worth about $34,000. CWM LLC boosted its position in Select Water Solutions by 55.2% in the second quarter. CWM LLC now owns 4,204 shares of the company’s stock valued at $45,000 after buying an additional 1,496 shares in the last quarter. New York State Teachers Retirement System boosted its position in Select Water Solutions by 13.8% in the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock valued at $93,000 after buying an additional 1,010 shares in the last quarter. Finally, Creative Planning bought a new stake in Select Water Solutions during the third quarter worth about $112,000. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Trading Up 0.8 %

Shares of WTTR opened at $14.69 on Friday. The stock’s fifty day simple moving average is $11.83 and its 200-day simple moving average is $11.09. The firm has a market capitalization of $1.75 billion, a PE ratio of 24.90 and a beta of 1.67. Select Water Solutions, Inc. has a 12-month low of $6.99 and a 12-month high of $14.87. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The company had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. During the same period in the prior year, the company posted $0.14 EPS. The company’s revenue was down 4.6% compared to the same quarter last year. As a group, research analysts predict that Select Water Solutions, Inc. will post 0.4 earnings per share for the current year.

Select Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.07 dividend. The ex-dividend date was Tuesday, November 5th. This is a boost from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.91%. Select Water Solutions’s dividend payout ratio (DPR) is presently 47.46%.

Wall Street Analyst Weigh In

A number of research firms recently commented on WTTR. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $11.50 to $14.50 in a research report on Thursday, August 22nd. Northland Capmk upgraded Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd.

Select Water Solutions Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.