BlackRock Fund Advisors recently announced the acquisition of new stake in Select Water Solutions Inc. (NYSE:WTTR). The institutional investor has increased its shareholding in the Basic Materials company by 8.80% to 4.89 million shares with purchase of 0.4 million shares. This fresh investment now brings its stake to 3.85% valued currently at $36.33 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.69 million to 4.33 million shares. And Wellington Management Co. LLP has lifted its position by 10.04% or 0.36 million shares – to 3.95 million shares.
With over 1.97 million Select Water Solutions Inc. (WTTR) shares trading Friday and a closing price of $7.55 on the day, the dollar volume was approximately $14.88 million. The shares have shown a negative half year performance of -10.44% and its price on 05/19/23 lost nearly -1.18%. Currently, there are 123.11M common shares owned by the public and among those 74.67M shares have been available to trade.
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The top 3 mutual fund holders in Select Water Solutions Inc. are VanEck Oil Services ETF, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF. VanEck Oil Services ETF owns 3.18 million shares of the company’s stock, all valued at over $23.61 million. The company sold 40298.0 shares recently to bring their total holdings to about 2.51% of the shares outstanding. Vanguard Total Stock Market ETF bought 0.52 million shares to see its total holdings expand to 2.5 million shares valued at over $18.61 million and representing 1.97% of the shares outstanding. iShares Russell 2000 ETF sold 22480.0 shares to bring its total holdings to over 1.54 million shares at a value of $11.43 million. iShares Russell 2000 ETF now owns shares totaling to 1.21% of the shares outstanding.
Shares of Select Water Solutions Inc. (NYSE: WTTR) opened at $7.76, up $0.12 from a prior closing price of $7.64. However, the script later moved the day high at 7.79, down -1.18%. The company’s stock has a 5-day price change of 2.03% and -7.93% over the past three months. WTTR shares are trading -18.29% year to date (YTD), with the 12-month market performance down to -3.21% lower. It has a 12-month low price of $5.51 and touched a high of $9.84 over the same period. WTTR has an average intraday trading volume of 980.34K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.56%, 7.39%, and -2.72% respectively.
Institutional ownership of Select Water Solutions Inc. (NYSE: WTTR) shares accounts for 63.90% of the company’s 123.11M shares outstanding. Mutual fund holders own 37.57%, while other institutional holders and individual stakeholders account for 37.75% and 18.60% respectively.
It has a market capitalization of $930.39M and a beta (3y monthly) value of 1.97. The stock’s trailing 12-month PE ratio is 16.00, while the earnings-per-share (ttm) stands at $0.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.78% over the week and 3.82% over the month.
Analysts forecast that Select Water Solutions Inc. (WTTR) will achieve an EPS of $0.2 for the current quarter, $0.26 for the next quarter and $1.32 for 2024. The lowest estimate earnings-per-share for the quarter is $0.15 while analysts give the company a high EPS estimate of $0.23. Comparatively, EPS for the current quarter was $0.13 a year ago. Earnings per share for the fiscal year are expected to increase by 205.50%, and 29.47% over the next financial year.
