Nuveen LLC Acquires New Position in Select Water Solutions, Inc. $WTTR

Nuveen LLC acquired a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 182,405 shares of the company’s stock, valued at approximately $1,915,000. Nuveen LLC owned about 0.15% of Select Water Solutions as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in Select Water Solutions by 128.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company’s stock valued at $36,000 after purchasing an additional 1,525 shares during the last quarter. CoreCommodity Management LLC grew its position in Select Water Solutions by 1.6% during the 4th quarter. CoreCommodity Management LLC now owns 100,860 shares of the company’s stock valued at $1,335,000 after purchasing an additional 1,544 shares during the last quarter. Principal Financial Group Inc. grew its position in Select Water Solutions by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 48,603 shares of the company’s stock valued at $510,000 after purchasing an additional 1,822 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Select Water Solutions by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,865 shares of the company’s stock valued at $687,000 after purchasing an additional 1,891 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Select Water Solutions by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 143,508 shares of the company’s stock valued at $1,900,000 after purchasing an additional 2,365 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Price Performance

WTTR opened at $8.55 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.82 and a current ratio of 2.01. The stock has a market capitalization of $1.04 billion, a P/E ratio of 27.56 and a beta of 1.26. The company’s 50-day simple moving average is $8.92 and its two-hundred day simple moving average is $9.27. Select Water Solutions, Inc. has a 52-week low of $7.20 and a 52-week high of $15.14.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). Select Water Solutions had a return on equity of 3.69% and a net margin of 2.26%.The business had revenue of $364.22 million during the quarter, compared to the consensus estimate of $362.93 million. During the same quarter last year, the company earned $0.13 EPS. Select Water Solutions’s revenue for the quarter was down .3% on a year-over-year basis. As a group, analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, August 5th. Select Water Solutions’s dividend payout ratio is 90.32%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WTTR shares. Raymond James Financial cut their price objective on shares of Select Water Solutions from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research report on Friday, May 9th. Citigroup cut their price objective on shares of Select Water Solutions from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Finally, Piper Sandler assumed coverage on shares of Select Water Solutions in a research note on Tuesday, July 15th. They set an “overweight” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $15.00.

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.