Nuveen LLC Takes Position 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) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Aigen Investment Management LP acquired a new stake in shares of Select Water Solutions in the 1st quarter valued at $155,000. Invesco Ltd. raised its holdings in shares of Select Water Solutions by 3.0% in the first quarter. Invesco Ltd. now owns 947,802 shares of the company's stock valued at $9,952,000 after buying an additional 27,713 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Select Water Solutions by 8.3% in 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 last quarter. Horizon Family Wealth Inc. raised its holdings in shares of Select Water Solutions by 14.0% in the first quarter. Horizon Family Wealth Inc. now owns 21,173 shares of the company's stock valued at $222,000 after buying an additional 2,599 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Select Water Solutions in the first quarter valued at about $690,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Select Water Solutions Stock Down 1.6%

Shares of WTTR traded down $0.14 on Tuesday, hitting $8.39. The company's stock had a trading volume of 744,331 shares, compared to its average volume of 1,221,560. The company has a quick ratio of 1.82, a current ratio of 2.01 and a debt-to-equity ratio of 0.29. The firm's fifty day moving average price is $8.91 and its 200-day moving average price is $9.22. Select Water Solutions, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $15.14. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 27.05 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). Select Water Solutions had a net margin of 2.26% and a return on equity of 3.69%. The business had revenue of $364.22 million during the quarter, compared to analyst estimates of $362.93 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Select Water Solutions's revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

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

Analyst Ratings Changes

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

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.