Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz Sells 73,450 Shares

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 73,450 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the transaction, the chief executive officer now owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

John Schmitz also recently made the following trade(s):

• On Tuesday, February 11th, John Schmitz sold 26,550 shares of Select Water Solutions stock. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00.

Select Water Solutions Price Performance

WTTR traded down $0.74 during trading on Wednesday, reaching $12.66. 2,083,245 shares of the company were exchanged, compared to its average volume of 912,758. The company’s 50-day moving average is $13.34 and its two-hundred day moving average is $12.41. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 12-month low of $7.74 and a 12-month high of $15.14. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 21.46 and a beta of 1.73.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.14). Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The company had revenue of $349.05 million for the quarter, compared to analysts’ expectations of $333.62 million. Research analysts forecast that Select Water Solutions, Inc. will post 0.39 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, February 14th. Shareholders of record on Tuesday, February 4th were issued a $0.07 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a yield of 2.21%. Select Water Solutions’s dividend payout ratio (DPR) is 47.46%.

Institutional Investors Weigh In On Select Water Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC boosted its holdings in Select Water Solutions by 51.9% in the third quarter. FMR LLC now owns 3,728,787 shares of the company’s stock worth $41,501,000 after purchasing an additional 1,274,600 shares during the last quarter. First Trust Advisors LP grew its position in shares of Select Water Solutions by 21.9% during the fourth 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 in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Select Water Solutions by 148.1% in 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 in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of Select Water Solutions during the 4th quarter valued at about $7,274,000. Finally, Penn Capital Management Company LLC purchased a new position in shares of Select Water Solutions in the 4th quarter worth approximately $5,751,000. Institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup raised their price target on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, January 10th.

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.