Insider Selling: Select Water Solutions (NYSE:WTTR) CEO Sells $1,679,989.92 in Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 152,173 shares of Select Water Solutions stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $11.04, for a total value of $1,679,989.92. Following the sale, the chief executive officer owned 39,646 shares of the company’s stock, valued at approximately $437,691.84. This represents a 79.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, November 12th, John Schmitz sold 9,521 shares of Select Water Solutions stock. The shares were sold at an average price of $11.04, for a total transaction of $105,111.84.

Select Water Solutions Stock Performance

Shares of NYSE WTTR opened at $9.95 on Friday. The company has a market cap of $1.21 billion, a PE ratio of 52.34 and a beta of 1.18. Select Water Solutions, Inc. has a 12 month low of $7.20 and a 12 month high of $15.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 1.48. The company has a 50-day simple moving average of $10.60 and a 200-day simple moving average of $9.40.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The business had revenue of $322.24 million during the quarter, compared to analyst estimates of $306.39 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The company’s revenue was down 13.2% on a year-over-year basis. On average, equities 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 disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, November 7th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.8%. Select Water Solutions’s payout ratio is currently 147.37%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WTTR shares. Raymond James Financial reissued a “strong-buy” rating and issued a $16.00 price target on shares of Select Water Solutions in a research note on Wednesday, November 5th. Northland Capmk cut shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Wall Street Zen lowered shares of Select Water Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research note on Tuesday, October 14th. Finally, Northland Securities cut shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Institutional Trading of Select Water Solutions

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Select Water Solutions by 160.2% during the third quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after purchasing an additional 1,610 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Select Water Solutions during the 3rd quarter valued at $29,000. State of Alaska Department of Revenue purchased a new stake in Select Water Solutions during the 3rd quarter worth $33,000. Osaic Holdings Inc. lifted its holdings in Select Water Solutions by 59.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after buying an additional 1,830 shares in the last quarter. Finally, State of Wyoming boosted its position in Select Water Solutions by 34.1% in the 1st quarter. State of Wyoming now owns 5,932 shares of the company’s stock valued at $62,000 after buying an additional 1,509 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

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.