Dimensional Fund Advisors LP 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 11.86% to 5.73 million shares with purchase of 0.61 million shares. This fresh investment now brings its stake to 5.52% valued currently at $42.76 million. In addition, BlackRock Fund Advisors raised its holdings by 33346.0 to 5.43 million shares. And The Vanguard Group, Inc. has lifted its position by 10.36% or 0.46 million shares – to 4.91 million shares.
With over 0.45 million Select Water Solutions Inc (WTTR) shares trading Friday and a closing price of $7.62 on the day, the dollar volume was approximately $3.45 million. The shares have shown a negative half year performance of -0.26% and its price on 12/22/23 gained nearly 0.40%. Currently, there are 109.39M common shares owned by the public and among those 90.46M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for WTTR have a consensus price objective of $11.25. The analysts have set the share’s price value over the next 12 months at a high of $13.00 and a low of $8.25. The average price target is 32.27% above its recent price level and an upside to the estimated low will see the stock gain 7.64% over that period. But an upside of 41.38% will see the stock hit the forecast high price target while median target price for the stock is $11.00.
The top 3 mutual fund holders in Select Water Solutions Inc are Vanguard Total Stock Market ETF, VanEck Oil Services ETF, and iShares Russell 2000 ETF. Vanguard Total Stock Market ETF owns 2.5 million shares of the company’s stock, all valued at over $18.68 million. iShares Russell 2000 ETF bought 990.0 shares to bring its total holdings to over 2.02 million shares at a value of $15.04 million. iShares Russell 2000 ETF now owns shares totaling to 1.94% of the shares outstanding.
Shares of Select Water Solutions Inc (NYSE: WTTR) opened at $7.68, up $0.09 from a prior closing price of $7.59. However, the script later moved the day high at 7.73, up 0.40%. The company’s stock has a 5-day price change of 2.56% and -5.34% over the past three months. WTTR shares are trading -17.53% year to date (YTD), with the 12-month market performance down to -12.31% lower. It has a 12-month low price of $5.51 and touched a high of $9.56 over the same period. WTTR has an average intraday trading volume of 716.07K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.62%, 3.05%, and -0.05% respectively.
Institutional ownership of Select Water Solutions Inc (NYSE: WTTR) shares accounts for 69.32% of the company’s 109.39M shares outstanding. Mutual fund holders own 39.94%, while other institutional holders and individual stakeholders account for 44.95% and 29.65% respectively.
It has a market capitalization of $791.87M and a beta (3y monthly) value of 1.76. The stock’s trailing 12-month PE ratio is 14.61, while the earnings-per-share (ttm) stands at $0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.19% over the week and 2.21% over the month.
Analysts forecast that Select Water Solutions Inc (WTTR) will achieve an EPS of $0.16 for the current quarter, $0.21 for the next quarter and $1.16 for 2024. The lowest estimate earnings-per-share for the quarter is $0.12 while analysts give the company a high EPS estimate of $0.21. Comparatively, EPS for the current quarter was $0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -0.79%, and 69.11% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Select Water Solutions Inc (WTTR) as a “Strong Buy” at a consensus score of 1.40. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the WTTR, a number of firms have released research notes about the stock. Raymond James stated their Strong Buy rating for the stock in a research note on March 23, 2023, with the firm’s price target at $12.
