Van ECK Associates Corp Has $26.46 Million Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Van ECK Associates Corp boosted its holdings in Select Water Solutions, Inc. (NYSE:WTTR) by 27.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,998,193 shares of the company’s stock after buying an additional 430,363 shares during the quarter. Van ECK Associates Corp owned approximately 1.67% of Select Water Solutions worth $26,456,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Select Water Solutions by 37.9% in the third quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock valued at $46,000 after buying an additional 1,141 shares in the last quarter. New York State Teachers Retirement System raised 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 purchasing an additional 1,010 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in Select Water Solutions in the third quarter valued at about $107,000. Creative Planning bought a new position in Select Water Solutions in the third quarter valued at about $112,000. Finally, CWM LLC raised its position in Select Water Solutions by 182.8% in the third quarter. CWM LLC now owns 11,889 shares of the company’s stock valued at $132,000 after purchasing an additional 7,685 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citigroup increased their target price on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, January 10th.

Select Water Solutions Price Performance

Shares of WTTR opened at $13.13 on Friday. Select Water Solutions, Inc. has a 1 year low of $7.60 and a 1 year high of $15.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 22.26 and a beta of 1.73. The business has a 50-day moving average of $13.38 and a 200-day moving average of $12.38.

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.13%. Select Water Solutions’s dividend payout ratio (DPR) is 47.46%.

Insider Transactions at Select Water Solutions

In other news, CEO John Schmitz sold 26,550 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the completion of the transaction, the chief executive officer now directly owns 2,898,578 shares in the company, valued at $38,145,286.48. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.40% of the stock is owned by corporate insiders.

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.