Select Energy Services, Inc. (NYSE:WTTR) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Select Energy Services, Inc. (NYSE:WTTR – Get Rating) by 46.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,641 shares of the company’s stock after purchasing an additional 1,796 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Select Energy Services were worth $52,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Americana Partners LLC raised its holdings in Select Energy Services by 0.8% during the fourth quarter. Americana Partners LLC now owns 172,429 shares of the company’s stock worth $1,593,000 after purchasing an additional 1,360 shares in the last quarter. American International Group Inc. grew its holdings in Select Energy Services by 5.5% during the second quarter. American International Group Inc. now owns 33,421 shares of the company’s stock worth $228,000 after acquiring an additional 1,744 shares during the period. Tower Research Capital LLC TRC grew its holdings in Select Energy Services by 43.2% during the third quarter. Tower Research Capital LLC TRC now owns 7,616 shares of the company’s stock worth $53,000 after acquiring an additional 2,297 shares during the period. Legal & General Group Plc grew its holdings in Select Energy Services by 6.2% during the second quarter. Legal & General Group Plc now owns 45,165 shares of the company’s stock worth $308,000 after acquiring an additional 2,629 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in Select Energy Services by 31.0% during the third quarter. Teacher Retirement System of Texas now owns 14,996 shares of the company’s stock worth $105,000 after buying an additional 3,545 shares in the last quarter. 58.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WTTR has been the topic of a number of research analyst reports. Citigroup decreased their price objective on shares of Select Energy Services from $8.50 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, March 16th. Raymond James started coverage on shares of Select Energy Services in a report on Wednesday, March 22nd. They set a “strong-buy” rating and a $12.00 price target for the company. Finally, TheStreet upgraded shares of Select Energy Services from a “c” rating to a “b” rating in a report on Wednesday, May 3rd.

Select Energy Services Trading Up 0.4 %

Shares of WTTR stock opened at $7.40 on Friday. The firm has a market cap of $929.52 million, a P/E ratio of 13.70 and a beta of 1.97. Select Energy Services, Inc. has a 1-year low of $5.51 and a 1-year high of $9.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.44 and a quick ratio of 2.27. The firm’s 50-day simple moving average is $7.03 and its 200-day simple moving average is $7.99.

Select Energy Services (NYSE:WTTR – Get Rating) last issued its earnings results on Tuesday, February 21st. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.16). The firm had revenue of $381.68 million for the quarter, compared to analysts’ expectations of $387.89 million. Select Energy Services had a return on equity of 6.57% and a net margin of 3.57%. As a group, equities analysts forecast that Select Energy Services, Inc. will post 0.87 EPS for the current year.

Select Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 17th. Investors of record on Friday, May 5th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $0.20 annualized dividend and a dividend yield of 2.70%. Select Energy Services’s payout ratio is currently 37.04%.

About Select Energy Services

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Select Energy Services Inc engages in the provision of water management and chemical solutions. It operates through the following business segments: Water Services, Oilfield Chemicals, and Water Infrastructure. The Water Services segment consists of services businesses, including water transfer, flowback and well testing, fluids hauling, water containment and water network automation, primarily serving E&P companies.