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

Icon Wealth Advisors LLC lowered its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 86.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,074 shares of the company’s stock after selling 296,604 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Select Water Solutions were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC increased its position in Select Water Solutions by 57.3% during the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock worth $32,000 after buying an additional 1,096 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Select Water Solutions in the 2nd quarter valued at approximately $34,000. CWM LLC lifted its holdings in Select Water Solutions by 55.2% in the 2nd quarter. CWM LLC now owns 4,204 shares of the company’s stock worth $45,000 after purchasing an additional 1,496 shares during the last quarter. New York State Teachers Retirement System boosted its position in Select Water Solutions by 13.8% during the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after purchasing an additional 1,010 shares during the period. Finally, Creative Planning acquired a new position in Select Water Solutions during the third quarter valued at approximately $112,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Stock Performance

Shares of NYSE WTTR opened at $14.69 on Friday. Select Water Solutions, Inc. has a 12 month low of $6.99 and a 12 month high of $14.87. The company has a market cap of $1.75 billion, a P/E ratio of 24.90 and a beta of 1.67. The business’s 50 day moving average is $11.83 and its two-hundred day moving average is $11.09. 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 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. On average, equities analysts expect that Select Water Solutions, Inc. will post 0.4 EPS for the current year.

Select Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This is an increase 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 47.46%.

Analyst Ratings Changes

WTTR has been the subject of a number of analyst reports. Northland Capmk upgraded shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $11.50 to $14.50 in a research 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.