New York State Teachers Retirement System Has $93,000 Stake in Select Water Solutions, Inc. (NYSE:WTTR)

New York State Teachers Retirement System raised its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,327 shares of the company’s stock after acquiring an additional 1,010 shares during the period. New York State Teachers Retirement System’s holdings in Select Water Solutions were worth $93,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Select Water Solutions by 57.3% in the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock worth $32,000 after purchasing an additional 1,096 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Select Water Solutions in the second quarter worth about $34,000. CWM LLC grew its stake in shares of Select Water Solutions by 55.2% during the second quarter. CWM LLC now owns 4,204 shares of the company’s stock valued at $45,000 after purchasing an additional 1,496 shares during the last quarter. Creative Planning acquired a new stake in shares of Select Water Solutions in the third quarter valued at approximately $112,000. Finally, ProShare Advisors LLC increased its stake in shares of Select Water Solutions by 8.6% in the 1st quarter. ProShare Advisors LLC now owns 14,356 shares of the company’s stock valued at $133,000 after buying an additional 1,131 shares during the period. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

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

Select Water Solutions Stock Down 2.2 %

WTTR stock opened at $13.95 on Monday. The business has a 50-day moving average of $11.19 and a 200-day moving average of $10.78. Select Water Solutions, Inc. has a fifty-two week low of $6.99 and a fifty-two week high of $14.48. The stock has a market capitalization of $1.66 billion, a P/E ratio of 23.64 and a beta of 1.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.63.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. On average, sell-side analysts anticipate that Select Water Solutions, Inc. will post 0.4 earnings per share for the current fiscal year.

Select Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Tuesday, November 5th. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. Select Water Solutions’s payout ratio is 47.46%.

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.