Northern Trust Corp Buys 86,274 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Northern Trust Corp grew its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 866,760 shares of the company's stock after buying an additional 86,274 shares during the period. Northern Trust Corp owned 0.73% of Select Water Solutions worth $11,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. First Trust Advisors LP increased its position in Select Water Solutions by 21.9% during the 4th quarter. First Trust Advisors LP now owns 6,828,596 shares of the company's stock valued at $90,411,000 after purchasing an additional 1,226,061 shares during the period. Hood River Capital Management LLC bought a new stake in shares of Select Water Solutions in the 4th quarter valued at $7,274,000. Penn Capital Management Company LLC bought a new stake in shares of Select Water Solutions in the 4th quarter valued at $5,751,000. Van ECK Associates Corp increased its position in shares of Select Water Solutions by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock worth $26,456,000 after buying an additional 430,363 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in Select Water Solutions during the fourth quarter worth $5,346,000. 81.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup cut their price target on shares of Select Water Solutions from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Raymond James cut their target price on Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a research report on Friday, May 9th.

Select Water Solutions Stock Down 0.5%

Shares of Select Water Solutions stock traded down $0.04 during trading on Tuesday, reaching $8.39. 493,109 shares of the company traded hands, compared to its average volume of 1,105,860. The firm has a market capitalization of $1.00 billion, a PE ratio of 27.97 and a beta of 1.28. Select Water Solutions, Inc. has a 1-year low of $7.20 and a 1-year high of $15.14. The company has a 50 day moving average price of $8.98 and a 200-day moving average price of $11.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62.

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

Select Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.28 dividend on an annualized basis and a yield of 3.34%. Select Water Solutions's dividend payout ratio (DPR) is presently 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.