Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Indiana Trust & Investment Management Co

Indiana Trust & Investment Management Co lowered its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 48.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,316 shares of the company’s stock after selling 16,250 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Select Water Solutions were worth $229,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WTTR. FMR LLC raised its stake in Select Water Solutions by 51.9% during the third quarter. FMR LLC now owns 3,728,787 shares of the company’s stock worth $41,501,000 after acquiring an additional 1,274,600 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Select Water Solutions by 148.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock valued at $12,478,000 after purchasing an additional 669,301 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Select Water Solutions by 32.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company’s stock worth $14,981,000 after purchasing an additional 329,353 shares during the period. Icon Wealth Advisors LLC raised its position in shares of Select Water Solutions by 82.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $7,007,000 after purchasing an additional 284,891 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Select Water Solutions by 46.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 558,530 shares of the company’s stock worth $6,216,000 after purchasing an additional 177,900 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped their price objective on Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, January 10th.

Select Water Solutions Price Performance

NYSE WTTR opened at $12.81 on Wednesday. The company has a 50-day moving average price of $13.49 and a two-hundred day moving average price of $12.36. Select Water Solutions, Inc. has a 52 week low of $7.47 and a 52 week high of $15.14. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 21.72 and a beta of 1.73. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, February 4th. Select Water Solutions’s dividend payout ratio is currently 47.46%.

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.