Northern Trust Corp Purchases 86,274 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Northern Trust Corp grew its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 11.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 866,760 shares of the company’s stock after acquiring an additional 86,274 shares during the quarter. Northern Trust Corp owned about 0.73% of Select Water Solutions worth $11,476,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ritholtz Wealth Management raised its holdings in Select Water Solutions by 24.1% during the 4th quarter. Ritholtz Wealth Management now owns 138,427 shares of the company’s stock valued at $1,833,000 after buying an additional 26,912 shares during the period. SG Americas Securities LLC purchased a new stake in Select Water Solutions during the 4th quarter valued at $360,000. Longboard Asset Management LP purchased a new stake in Select Water Solutions during the 4th quarter valued at $167,000. Vest Financial LLC raised its holdings in Select Water Solutions by 48.3% during the 4th quarter. Vest Financial LLC now owns 193,890 shares of the company’s stock valued at $2,567,000 after buying an additional 63,149 shares during the period. Finally, Empowered Funds LLC raised its holdings in Select Water Solutions by 11.5% during the 4th quarter. Empowered Funds LLC now owns 640,401 shares of the company’s stock valued at $8,479,000 after buying an additional 66,020 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Stock Performance

Shares of Select Water Solutions stock opened at $8.56 on Friday. The firm has a market cap of $1.02 billion, a P/E ratio of 28.52 and a beta of 1.28. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 12 month low of $7.20 and a 12 month high of $15.14. The stock’s fifty day moving average price is $9.01 and its 200-day moving average price is $11.71.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The company had revenue of $374.38 million for the quarter, compared to analyst estimates of $360.78 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were paid a $0.07 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.28 annualized dividend and a yield of 3.27%. Select Water Solutions’s dividend payout ratio (DPR) is presently 82.35%.

Analysts Set New Price Targets

Several analysts recently weighed in on WTTR shares. Citigroup decreased their price target on Select Water Solutions from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday. Raymond James reduced their target price on Select Water Solutions from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research note on Friday, May 9th.

Select Water Solutions Company 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.