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

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

Several other large investors have also bought and sold shares of the company. Savant Capital LLC boosted its holdings in Select Water Solutions by 11.6% during the fourth quarter. Savant Capital LLC now owns 20,672 shares of the company’s stock worth $274,000 after buying an additional 2,143 shares in the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of Select Water Solutions by 1.3% during the 4th quarter. Miller Howard Investments Inc. NY now owns 233,794 shares of the company’s stock valued at $3,095,000 after acquiring an additional 2,977 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Select Water Solutions by 11.5% during the 4th quarter. Empowered Funds LLC now owns 640,401 shares of the company’s stock worth $8,479,000 after acquiring an additional 66,020 shares in the last quarter. Vest Financial LLC grew its holdings in shares of Select Water Solutions by 48.3% in the 4th quarter. Vest Financial LLC now owns 193,890 shares of the company’s stock worth $2,567,000 after acquiring an additional 63,149 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new stake in shares of Select Water Solutions during the fourth quarter worth $167,000. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Trading Down 2.3 %

Select Water Solutions stock opened at $12.81 on Wednesday. The company has a 50 day moving average price of $13.49 and a 200 day moving average price of $12.36. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 21.72 and a beta of 1.73. Select Water Solutions, Inc. has a 52 week low of $7.47 and a 52 week high of $15.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78.

Select Water Solutions Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Citigroup lifted their price target 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 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.