Select Water Solutions (NYSE:WTTR) CEO John Schmitz Sells 70,375 Shares

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 70,375 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $11.21, for a total value of $788,903.75. Following the sale, the chief executive officer directly owned 31,372 shares in the company, valued at approximately $351,680.12. This trade represents a 69.17% 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 Thursday, December 4th, John Schmitz sold 211,118 shares of Select Water Solutions stock. The stock was sold at an average price of $11.15, for a total value of $2,353,965.70.
• 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 value of $105,111.84.
• On Monday, November 10th, John Schmitz sold 152,173 shares of Select Water Solutions stock. The stock was sold at an average price of $11.04, for a total value of $1,679,989.92.

Select Water Solutions Stock Performance

Select Water Solutions stock opened at $11.07 on Tuesday. The business has a 50 day moving average of $10.76 and a 200-day moving average of $9.62. Select Water Solutions, Inc. has a 1 year low of $7.20 and a 1 year high of $14.88. 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 market capitalization of $1.34 billion, a P/E ratio of 58.27 and a beta of 0.97.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Wednesday, November 5th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $306.39 million. During the same period last year, the company earned $0.15 EPS. The firm’s revenue was down 13.2% compared to the same quarter last year. On average, equities research analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 7th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.28 annualized dividend and a dividend yield of 2.5%. Select Water Solutions’s payout ratio is currently 147.37%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Northland Securities downgraded Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a report on Thursday, November 13th. Wall Street Zen cut Select Water Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Northland Capmk lowered Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Tuesday, October 14th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $16.00 price target on shares of Select Water Solutions in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Institutional Investors Weigh In On Select Water Solutions

Hedge funds have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. grew its position in shares of Select Water Solutions by 1,334.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 3,783,865 shares of the company’s stock worth $40,450,000 after buying an additional 3,520,091 shares during the period. Franklin Resources Inc. boosted its stake in Select Water Solutions by 78.1% during the third quarter. Franklin Resources Inc. now owns 4,939,877 shares of the company’s stock worth $52,807,000 after acquiring an additional 2,166,649 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Select Water Solutions by 2,133.9% during the third quarter. Alliancebernstein L.P. now owns 2,131,277 shares of the company’s stock worth $22,783,000 after acquiring an additional 2,035,870 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Select Water Solutions by 124.2% in the third quarter. Russell Investments Group Ltd. now owns 1,801,488 shares of the company’s stock valued at $19,258,000 after purchasing an additional 997,847 shares in the last quarter. Finally, EVR Research LP acquired a new position in shares of Select Water Solutions during the first quarter valued at about $9,660,000. 81.73% of the stock is currently owned by institutional investors.

About Select Water Solutions

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.