Nuveen Asset Management LLC Has $8.30 Million Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Nuveen Asset Management LLC decreased its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 626,910 shares of the company's stock after selling 184,030 shares during the period. Nuveen Asset Management LLC owned 0.53% of Select Water Solutions worth $8,300,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Swiss National Bank grew its holdings in Select Water Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 181,900 shares of the company's stock worth $2,408,000 after acquiring an additional 1,400 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of Select Water Solutions in the 4th quarter worth $203,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Select Water Solutions during the fourth quarter worth $342,000. Truist Financial Corp bought a new stake in Select Water Solutions in the fourth quarter valued at about $134,000. Finally, Proficio Capital Partners LLC acquired a new position in Select Water Solutions in the fourth quarter valued at about $172,000. Institutional investors own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Raymond James lowered their target price 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 lowered their price objective on shares of 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.

Select Water Solutions Stock Performance

Shares of WTTR stock traded down $0.18 during midday trading on Friday, hitting $8.04. 820,421 shares of the company were exchanged, compared to its average volume of 1,084,127. Select Water Solutions, Inc. has a 52 week low of $7.20 and a 52 week high of $15.14. The firm has a market capitalization of $966.53 million, a P/E ratio of 26.80 and a beta of 1.28. The firm's 50 day moving average price is $8.65 and its two-hundred day moving average price is $11.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $374.38 million during the quarter, compared to the consensus estimate of $360.78 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The company's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 earnings per share. As a group, equities research analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.48%. Select Water Solutions's dividend payout ratio (DPR) is currently 82.35%.

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.