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

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 73,450 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the transaction, the chief executive officer now owns 2,825,128 shares in the company, valued at $36,811,417.84. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 shares were sold at an average price of $13.16, for a total value of $349,398.00.

Select Water Solutions Trading Down 5.5 %

Shares of Select Water Solutions stock opened at $12.66 on Thursday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 42.20 and a beta of 1.73. Select Water Solutions, Inc. has a 52-week low of $7.74 and a 52-week high of $15.14. The company’s 50-day simple moving average is $13.30 and its 200-day simple 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 (NYSE:WTTR) last released its earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.14). The business had revenue of $349.05 million for the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a return on equity of 3.49% and a net margin of 2.11%. As a group, equities research analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is currently 93.34%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Select Water Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in WTTR. CWM LLC lifted its stake in shares of Select Water Solutions by 182.8% in the third quarter. CWM LLC now owns 11,889 shares of the company’s stock valued at $132,000 after purchasing an additional 7,685 shares during the period. Creative Planning acquired a new stake in shares of Select Water Solutions during the 3rd quarter valued at approximately $112,000. Stanley Laman Group Ltd. boosted its stake in shares of Select Water Solutions by 3.4% during the 3rd quarter. Stanley Laman Group Ltd. now owns 340,382 shares of the company’s stock worth $3,788,000 after acquiring an additional 11,127 shares in the last quarter. New York State Teachers Retirement System increased its stake in Select Water Solutions by 13.8% in the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock valued at $93,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Select Water Solutions by 148.1% in the 3rd 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. 81.73% of the stock is owned by institutional investors and hedge funds.

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.