Northwest & Ethical Investments L.P. Has $423,000 Holdings in Select Water Solutions, Inc. $WTTR

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Select Water Solutions by 343.6% in the first quarter, owning 40,367 shares worth $423,000.
• Several analysts have rated Select Water Solutions, with a consensus rating of "Buy" and a price target of $14.88, down from previous estimates of $18.00 and $19.00.
• The company recently declared a $0.07 quarterly dividend, representing an annualized yield of 3.5%, with a dividend payout ratio of 90.32%.

Northwest & Ethical Investments L.P. grew its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 343.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,367 shares of the company's stock after buying an additional 31,267 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Select Water Solutions were worth $423,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of Select Water Solutions by 128.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock valued at $36,000 after purchasing an additional 1,525 shares during the period. Apollon Wealth Management LLC bought a new stake in shares of Select Water Solutions in the 1st quarter valued at about $113,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Select Water Solutions in the 1st quarter valued at about $123,000. Summit Investment Advisors Inc. raised its holdings in shares of Select Water Solutions by 13.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock valued at $126,000 after purchasing an additional 1,143 shares during the period. Finally, Cetera Investment Advisers bought a new stake in shares of Select Water Solutions in the 4th quarter valued at about $134,000. 81.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WTTR has been the topic of a number of research analyst reports. Piper Sandler initiated coverage on shares of Select Water Solutions in a report on Tuesday, July 15th. They issued an "overweight" rating and a $15.00 target price on the stock. Citigroup dropped their target price 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. Finally, Raymond James Financial dropped their target price 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. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat, Select Water Solutions has a consensus rating of "Buy" and an average target price of $15.00.

Select Water Solutions Stock Performance

Select Water Solutions stock traded down $0.14 during trading hours on Monday, hitting $8.31. The company had a trading volume of 432,911 shares, compared to its average volume of 1,060,533. The firm has a market cap of $1.01 billion, a PE ratio of 26.81 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.82. Select Water Solutions, Inc. has a one year low of $7.20 and a one year high of $15.14. The firm has a 50-day moving average of $8.99 and a 200 day moving average of $9.37.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company 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 firm's revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share. On average, sell-side analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently announced 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, August 5th. Select Water Solutions's dividend payout ratio is presently 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.