Quantbot Technologies LP Makes New $1.75 Million Investment in Select Water Solutions, Inc. $WTTR

Key Points

• Quantbot Technologies LP has acquired 166,499 shares of Select Water Solutions, Inc. valued at approximately $1.7 million, representing about 0.14% of the company.
• Select Water Solutions reported adjusted earnings of $0.10 per share for the last quarter, missing analysts' estimates of $0.13 by $0.03, with a revenue slightly above expectations at $364.22 million.
• The company recently declared a quarterly dividend of $0.07 per share, translating to an annual yield of 3.5%, with a payout ratio of 90.32%.

Quantbot Technologies LP acquired a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 166,499 shares of the company's stock, valued at approximately $1,748,000. Quantbot Technologies LP owned approximately 0.14% of Select Water Solutions at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake 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 worth $36,000 after acquiring an additional 1,525 shares during the period. Apollon Wealth Management LLC acquired a new position in Select Water Solutions in the 1st quarter valued at $113,000. Cambridge Investment Research Advisors Inc. acquired a new position in Select Water Solutions in the 1st quarter valued at about $123,000. Summit Investment Advisors Inc. lifted its stake in Select Water Solutions by 13.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock worth $126,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Select Water Solutions during the fourth quarter worth $134,000. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Stock Performance

Shares of NYSE WTTR traded up $0.04 during midday trading on Wednesday, reaching $8.28. The company had a trading volume of 154,763 shares, compared to its average volume of 1,222,764. Select Water Solutions, Inc. has a 1 year low of $7.20 and a 1 year high of $15.14. The company has a current ratio of 2.01, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29. The business's 50-day simple moving average is $8.97 and its 200 day simple moving average is $9.36. The stock has a market cap of $1.00 billion, a P/E ratio of 26.63 and a beta of 1.26.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). Select Water Solutions had a net margin of 2.26% and a return on equity of 3.69%. The company had revenue of $364.22 million during the quarter, compared to analysts' expectations of $362.93 million. During the same period last year, the firm posted $0.13 earnings per share. Select Water Solutions's revenue was down .3% on a year-over-year basis. On average, analysts forecast 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, August 15th. Stockholders of record on Tuesday, August 5th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.28 annualized dividend and a dividend yield of 3.4%. Select Water Solutions's payout ratio is presently 90.32%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WTTR shares. Piper Sandler assumed coverage on Select Water Solutions in a report on Tuesday, July 15th. They issued an "overweight" rating and a $15.00 price objective on the stock. Raymond James Financial dropped their price objective on Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th. Finally, Citigroup reduced their price objective on Select Water Solutions from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.