Select Water Solutions, Inc. (NYSE:WTTR) CEO Sells $957,053.50 in Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 73,450 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the completion of the transaction, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 shares were sold at an average price of $13.16, for a total transaction of $349,398.00.

Select Water Solutions Trading Down 0.6 %

NYSE:WTTR opened at $12.37 on Friday. The company’s 50 day moving average price is $13.24 and its 200-day moving average price is $12.42. Select Water Solutions, Inc. has a 52 week low of $8.12 and a 52 week high of $15.14. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 41.22 and a beta of 1.73.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) 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 firm had revenue of $349.05 million for the quarter, compared to analysts’ expectations of $333.62 million. On average, equities research 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 company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend yield of 2.26%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s payout ratio is 93.34%.

Institutional Investors Weigh In On Select Water Solutions

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in Select Water Solutions by 128.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company’s stock worth $36,000 after purchasing an additional 1,525 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Select Water Solutions by 24.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock worth $67,000 after purchasing an additional 1,007 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Select Water Solutions by 13.8% in the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after purchasing an additional 1,010 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Select Water Solutions in the third quarter worth approximately $107,000. Finally, Creative Planning purchased a new stake in Select Water Solutions in the third quarter worth approximately $112,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup raised their target price on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research note 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.