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

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 73,450 shares of Select Water Solutions 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 directly owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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

Shares of WTTR stock traded down $0.74 during trading hours on Wednesday, reaching $12.66. The company had a trading volume of 2,083,245 shares, compared to its average volume of 912,758. The stock has a fifty day moving average of $13.34 and a 200-day moving average of $12.41. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 21.46 and a beta of 1.73. 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, Inc. has a 12-month low of $7.74 and a 12-month high of $15.14.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). The firm had revenue of $349.05 million during the quarter, compared to analysts’ expectations of $333.62 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. On average, equities analysts anticipate that Select Water Solutions, Inc. will post 0.39 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is 47.46%.

Institutional Investors Weigh In On Select Water Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. purchased a new position in Select Water Solutions during the 3rd quarter worth $483,000. Geode Capital Management LLC grew its stake in Select Water Solutions by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock valued at $23,683,000 after acquiring an additional 155,091 shares during the last quarter. Foundry Partners LLC increased its stake in shares of Select Water Solutions by 29.8% during the 3rd quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock worth $6,931,000 after purchasing an additional 142,919 shares in the last quarter. Barclays PLC raised its holdings in shares of Select Water Solutions by 319.3% in the third quarter. Barclays PLC now owns 140,648 shares of the company’s stock worth $1,565,000 after acquiring an additional 107,107 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake 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 buying an additional 669,301 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Citigroup increased their price objective on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a 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.