Nomura Holdings Inc. Invests $385,000 in Select Water Solutions, Inc. $WTTR

Key Points

• Nomura Holdings has acquired a new stake in Select Water Solutions, purchasing 36,698 shares valued at approximately $385,000 in the 1st quarter of the year.
• Select Water Solutions recently faced a 3.6% decline in stock price, trading at $8.38, despite having a market capitalization of $1.02 billion.
• The company missed earnings estimates in its latest quarterly report, posting $0.10 EPS, below the $0.13 predicted by analysts, contributing to a year-over-year revenue decline of 0.3%.

Nomura Holdings Inc. purchased a new position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 36,698 shares of the company's stock, valued at approximately $385,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WTTR. Tower Research Capital LLC TRC lifted its position in shares of 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 acquiring an additional 1,525 shares during the period. Northern Trust Corp lifted its position in shares of Select Water Solutions by 11.1% during the 4th quarter. Northern Trust Corp now owns 866,760 shares of the company's stock valued at $11,476,000 after acquiring an additional 86,274 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Select Water Solutions during the 4th quarter valued at $192,000. Ameriprise Financial Inc. lifted its position in shares of 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 acquiring an additional 2,365 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Select Water Solutions by 29.5% during the 4th quarter. Bank of America Corp DE now owns 247,914 shares of the company's stock valued at $3,282,000 after acquiring an additional 56,478 shares during the period. Institutional investors and hedge funds own 81.73% of the company's stock.

Wall Street Analyst Weigh In

WTTR has been the topic of a number of research reports. Piper Sandler initiated coverage on shares of Select Water Solutions in a research report on Tuesday, July 15th. They set an "overweight" rating and a $15.00 target price on the stock. Citigroup dropped 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 report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $15.00.

Select Water Solutions Stock Up 1.8%

WTTR stock traded up $0.16 during midday trading on Monday, reaching $8.55. 1,373,358 shares of the company's stock traded hands, compared to its average volume of 930,850. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 27.56 and a beta of 1.26. The firm's fifty day moving average price is $8.89 and its 200-day moving average price is $9.07. The company has a quick ratio of 1.82, a current ratio of 2.01 and a debt-to-equity ratio of 0.29. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). The business had revenue of $364.22 million for the quarter, compared to the consensus estimate of $362.93 million. Select Water Solutions had a net margin of 2.26% and a return on equity of 3.69%. The business's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. As a group, sell-side analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

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

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.