Quantbot Technologies LP Takes $1.75 Million Position 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 Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its holdings 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 in the last quarter. Apollon Wealth Management LLC acquired a new stake in Select Water Solutions during the 1st quarter worth $113,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Select Water Solutions during the 1st quarter worth $123,000. Summit Investment Advisors Inc. boosted its stake in Select Water Solutions by 13.6% during the 4th 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 period. Finally, Cetera Investment Advisers acquired a new stake in Select Water Solutions during the 4th quarter worth $134,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Select Water Solutions Stock Performance

Select Water Solutions stock traded up $0.3960 during trading hours on Friday, reaching $8.4460. 1,014,944 shares of the stock were exchanged, compared to its average volume of 1,060,533. The stock has a market cap of $1.02 billion, a P/E ratio of 27.25 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.82 and a current ratio of 2.01. Select Water Solutions, Inc. has a 52-week low of $7.20 and a 52-week high of $15.14. The firm's 50 day moving average is $9.01 and its 200 day moving average is $9.40.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). The firm had revenue of $364.22 million for the quarter, compared to analysts' expectations of $362.93 million. Select Water Solutions had a return on equity of 3.69% and a net margin of 2.26%.The firm's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. Analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, August 5th. Select Water Solutions's dividend payout ratio (DPR) is currently 90.32%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WTTR shares. Raymond James Financial decreased their price target on shares of 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. Citigroup decreased their price target on shares of Select Water Solutions from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Piper Sandler started coverage on shares of Select Water Solutions in a research note on Tuesday, July 15th. They set an "overweight" rating and a $15.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to MarketBeat, Select Water Solutions has an average rating of "Buy" and an average target price of $15.00.

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.