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 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 sale, the chief executive officer now directly owns 2,825,128 shares in the company, valued at $36,811,417.84. This represents a 2.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $13.16, for a total transaction of $349,398.00.

Select Water Solutions Stock Down 5.5 %

Shares of NYSE WTTR opened at $12.66 on Thursday. The business has a 50-day moving average of $13.30 and a two-hundred day moving average of $12.41. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 42.20 and a beta of 1.73. Select Water Solutions, Inc. has a 1 year low of $7.74 and a 1 year high of $15.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62.

Select Water Solutions (NYSE:WTTR) last announced its quarterly 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). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.49%. The business had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. On average, analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Citigroup increased their price objective 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.

Institutional Investors Weigh In On Select Water Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC increased its position in shares of Select Water Solutions by 182.8% during the third quarter. CWM LLC now owns 11,889 shares of the company’s stock worth $132,000 after purchasing an additional 7,685 shares in the last quarter. Creative Planning purchased a new position in Select Water Solutions during the 3rd quarter worth approximately $112,000. Stanley Laman Group Ltd. increased its position in Select Water Solutions by 3.4% during the third quarter. Stanley Laman Group Ltd. now owns 340,382 shares of the company’s stock worth $3,788,000 after buying an additional 11,127 shares during the period. New York State Teachers Retirement System increased its position in Select Water Solutions by 13.8% during the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after buying an additional 1,010 shares during the period. Finally, Harbor Capital Advisors Inc. boosted 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 acquiring an additional 669,301 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

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.