Nomura Holdings Inc. Takes Position 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. acquired a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,698 shares of the company's stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of WTTR. EVR Research LP bought a new position in shares of Select Water Solutions during the first quarter valued at about $9,660,000. Vanguard Group Inc. increased its position in shares of Select Water Solutions by 8.3% during the first quarter. Vanguard Group Inc. now owns 6,358,953 shares of the company's stock valued at $66,769,000 after buying an additional 488,443 shares during the period. Penn Capital Management Company LLC increased its position in shares of Select Water Solutions by 93.2% during the first quarter. Penn Capital Management Company LLC now owns 839,007 shares of the company's stock valued at $8,819,000 after buying an additional 404,669 shares during the period. American Century Companies Inc. increased its position in shares of Select Water Solutions by 10.8% during the first quarter. American Century Companies Inc. now owns 3,518,256 shares of the company's stock valued at $36,942,000 after buying an additional 343,581 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Select Water Solutions by 7.8% during the first quarter. Wellington Management Group LLP now owns 4,070,293 shares of the company's stock valued at $42,738,000 after buying an additional 293,784 shares during the period. 81.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler began coverage on shares of Select Water Solutions in a research report on Tuesday, July 15th. They set an "overweight" rating and a $15.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $15.00.

Select Water Solutions Stock Up 2.6%

WTTR traded up $0.23 during midday trading on Thursday, reaching $9.08. The company's stock had a trading volume of 1,125,415 shares, compared to its average volume of 967,336. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 29.29 and a beta of 1.26. The company has a current ratio of 2.01, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29. Select Water Solutions, Inc. has a 1 year low of $7.20 and a 1 year high of $15.14. The stock's 50-day moving average is $8.87 and its 200-day moving average is $9.04.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). The business had revenue of $364.22 million during 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%.Select Water Solutions's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. As a group, research analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, August 5th. Select Water Solutions's dividend payout ratio is 90.32%.

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.