Cetera Investment Advisers Purchases New Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Cetera Investment Advisers purchased a new stake in Select Water Solutions, Inc. (NYSE:WTTR) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,108 shares of the company’s stock, valued at approximately $134,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WTTR. First Trust Advisors LP lifted its stake in Select Water Solutions by 21.9% in the 4th quarter. First Trust Advisors LP now owns 6,828,596 shares of the company’s stock valued at $90,411,000 after buying an additional 1,226,061 shares in the last quarter. Hood River Capital Management LLC purchased a new position in Select Water Solutions in the 4th quarter worth approximately $7,274,000. Penn Capital Management Company LLC purchased a new position in Select Water Solutions in the 4th quarter worth approximately $5,751,000. Van ECK Associates Corp lifted its stake in Select Water Solutions by 27.4% in the 4th quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock worth $26,456,000 after purchasing an additional 430,363 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in Select Water Solutions in the 4th quarter worth approximately $5,346,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James decreased their target price on shares of 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. Citigroup decreased their target price on shares of Select Water Solutions from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th.

Select Water Solutions Stock Up 2.1%

Shares of NYSE WTTR opened at $8.21 on Tuesday. The company has a 50 day simple moving average of $8.60 and a 200-day simple moving average of $11.36. The company has a market capitalization of $986.36 million, a P/E ratio of 27.35 and a beta of 1.28. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. Select Water Solutions, Inc. has a 1 year low of $7.20 and a 1 year high of $15.14.

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

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.41%. Select Water Solutions’s dividend payout ratio is currently 82.35%.

About Select Water Solutions

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.