Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 158,315 shares of the company’s stock after selling 13,344 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Select Water Solutions worth $1,762,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Innealta Capital LLC acquired a new position in Select Water Solutions during the 2nd quarter worth $34,000. CWM LLC lifted its position in shares of Select Water Solutions by 55.2% during the second quarter. CWM LLC now owns 4,204 shares of the company’s stock worth $45,000 after purchasing an additional 1,496 shares during the last quarter. GAMMA Investing LLC grew its stake in Select Water Solutions by 37.9% in the third quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock worth $46,000 after purchasing an additional 1,141 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Select Water Solutions by 13.8% in the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock valued at $93,000 after buying an additional 1,010 shares during the last quarter. Finally, Creative Planning acquired a new stake in Select Water Solutions during the third quarter valued at approximately $112,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Northland Capmk upgraded Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $11.50 to $14.50 in a research note on Thursday, August 22nd.

Select Water Solutions Stock Down 0.8 %

NYSE WTTR opened at $13.65 on Tuesday. The company has a market capitalization of $1.63 billion, a P/E ratio of 23.14 and a beta of 1.76. Select Water Solutions, Inc. has a 12 month low of $6.99 and a 12 month high of $15.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. The company’s 50 day simple moving average is $12.86 and its 200 day simple moving average is $11.58.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $371.35 million during the quarter, compared to the consensus estimate of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 EPS. Equities research analysts expect that Select Water Solutions, Inc. will post 0.4 earnings per share for the current fiscal year.

Select Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.05%. The ex-dividend date was Tuesday, November 5th. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. Select Water Solutions’s payout ratio is presently 47.46%.

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.