Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake 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 worth $36,000 after purchasing an additional 1,525 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after purchasing an additional 1,007 shares during the last quarter. Amundi boosted its stake in shares of Select Water Solutions by 83.8% during the 4th quarter. Amundi now owns 9,010 shares of the company's stock worth $119,000 after purchasing an additional 4,109 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of 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 last quarter. Finally, Atria Investments Inc acquired a new stake in shares of Select Water Solutions during the 4th quarter worth about $134,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Select Water Solutions Trading Up 2.1%

NYSE WTTR traded up $0.17 during mid-day trading on Monday, hitting $8.21. The company's stock had a trading volume of 701,098 shares, compared to its average volume of 1,080,307. Select Water Solutions, Inc. has a 52-week low of $7.20 and a 52-week high of $15.14. The stock's fifty day simple moving average is $8.60 and its two-hundred day simple moving average is $11.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. The firm has a market capitalization of $986.36 million, a P/E ratio of 27.35 and a beta of 1.28.

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

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Tuesday, May 6th. Select Water Solutions's payout ratio is currently 82.35%.

Analyst Ratings Changes

WTTR has been the topic of several recent analyst reports. Raymond James cut their price objective on shares of Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. Citigroup cut their price objective on shares of Select Water Solutions from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th.

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.