Nuveen LLC Invests $1.92 Million in Select Water Solutions, Inc. $WTTR

Key Points

• Nuveen LLC has acquired a new stake of approximately 182,405 shares in Select Water Solutions, Inc. ($WTTR), valued at around $1,915,000, which constitutes about 0.15% of the company.
• Select Water Solutions reported a quarterly earnings miss with $0.10 EPS against an estimated $0.13, alongside a revenue of $364.22 million, slightly above expectations.
• The company recently declared a quarterly dividend of $0.07, resulting in an annualized yield of 3.3% and a dividend payout ratio of 90.32%.

Nuveen LLC bought a new stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 182,405 shares of the company's stock, valued at approximately $1,915,000. Nuveen LLC owned approximately 0.15% of Select Water Solutions at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WTTR. Vanguard Group Inc. boosted its stake in Select Water Solutions by 8.3% during the first quarter. Vanguard Group Inc. now owns 6,358,953 shares of the company's stock worth $66,769,000 after buying an additional 488,443 shares in the last quarter. Corigliano Investment Advisers LLC acquired a new stake in Select Water Solutions during the fourth quarter worth $5,624,000. New York State Common Retirement Fund boosted its stake in Select Water Solutions by 57.6% during the first quarter. New York State Common Retirement Fund now owns 664,868 shares of the company's stock worth $6,981,000 after buying an additional 243,114 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Select Water Solutions by 6.2% during the first quarter. Victory Capital Management Inc. now owns 3,953,648 shares of the company's stock worth $41,513,000 after buying an additional 229,736 shares in the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in Select Water Solutions by 62.0% during the first quarter. Picton Mahoney Asset Management now owns 599,013 shares of the company's stock worth $6,290,000 after buying an additional 229,289 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company's stock.

Wall Street Analyst Weigh In

WTTR has been the topic of several recent analyst reports. Raymond James Financial decreased their price target on Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th. Piper Sandler initiated coverage on Select Water Solutions in a research note on Tuesday, July 15th. They issued an "overweight" rating and a $15.00 price target on the stock. Finally, Citigroup decreased their price target on Select Water Solutions from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. Based on data from MarketBeat.com, Select Water Solutions presently has a consensus rating of "Buy" and a consensus price target of $15.00.

Select Water Solutions Price Performance

WTTR traded up $0.23 during trading on Thursday, hitting $8.67. The company's stock had a trading volume of 1,031,865 shares, compared to its average volume of 939,693. The firm's 50 day moving average price is $8.90 and its two-hundred day moving average price is $9.18. 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 12 month low of $7.20 and a 12 month high of $15.14. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 27.95 and a beta of 1.26.

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

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, August 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.2%. Select Water Solutions's payout ratio is presently 90.32%.

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.