Select Water Solutions (NYSE:WTTR) CAO Brian Szymanski Sells 20,000 Shares

Select Water Solutions, Inc. (NYSE:WTTR) CAO Brian Szymanski sold 20,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $17.04, for a total transaction of $340,800.00. Following the sale, the chief accounting officer owned 114,752 shares in the company, valued at approximately $1,955,374.08. This trade represents a 14.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Select Water Solutions Price Performance

Shares of NYSE:WTTR opened at $18.05 on Wednesday. The firm’s 50 day moving average is $15.28 and its two-hundred day moving average is $12.81. Select Water Solutions, Inc. has a 52 week low of $7.82 and a 52 week high of $18.50. The firm has a market capitalization of $2.19 billion, a P/E ratio of 85.93 and a beta of 0.99. The company has a current ratio of 1.92, a quick ratio of 1.42 and a debt-to-equity ratio of 0.18.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The company had revenue of $365.96 million for the quarter, compared to analyst estimates of $344.63 million. During the same quarter last year, the business earned $0.08 earnings per share. Select Water Solutions’s revenue was down 2.2% compared to the same quarter last year. Analysts anticipate that Select Water Solutions, Inc. will post 0.29 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Thursday, April 30th will be paid a $0.07 dividend. The ex-dividend date is Thursday, April 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. Select Water Solutions’s dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Piper Sandler raised their price target on shares of Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Northland Securities set a $21.00 price target on shares of Select Water Solutions in a research note on Thursday, May 7th. Raymond James Financial restated a “strong-buy” rating and issued a $24.00 price target on shares of Select Water Solutions in a research note on Thursday, May 7th. Citigroup raised their price target on shares of Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $21.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cinctive Capital Management LP boosted its holdings in shares of Select Water Solutions by 55.7% in the third quarter. Cinctive Capital Management LP now owns 623,285 shares of the company’s stock valued at $6,663,000 after acquiring an additional 222,849 shares in the last quarter. Penn Capital Management Company LLC boosted its holdings in shares of Select Water Solutions by 12.2% in the third quarter. Penn Capital Management Company LLC now owns 1,179,161 shares of the company’s stock valued at $12,618,000 after acquiring an additional 128,257 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of Select Water Solutions by 91.9% in the third quarter. Gabelli Funds LLC now owns 325,209 shares of the company’s stock valued at $3,476,000 after acquiring an additional 155,703 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Select Water Solutions by 176.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 299,129 shares of the company’s stock valued at $3,147,000 after acquiring an additional 191,086 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of Select Water Solutions in the third quarter valued at approximately $1,604,000. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Company Profile

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.