Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 915,212 shares of the company's stock after selling 106,201 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.77% of Select Water Solutions worth $12,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in Select Water Solutions during the third quarter worth $483,000. GSA Capital Partners LLP purchased a new position in shares of Select Water Solutions during the 3rd quarter worth $220,000. Intech Investment Management LLC acquired a new stake in shares of Select Water Solutions during the 3rd quarter worth about $259,000. The Manufacturers Life Insurance Company raised its holdings in Select Water Solutions by 42.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 49,676 shares of the company's stock valued at $553,000 after buying an additional 14,777 shares during the period. Finally, FMR LLC lifted its position in Select Water Solutions by 51.9% in the third quarter. FMR LLC now owns 3,728,787 shares of the company's stock valued at $41,501,000 after buying an additional 1,274,600 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their price target 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.

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Select Water Solutions Trading Up 2.4 %

WTTR traded up $0.26 during mid-day trading on Tuesday, hitting $10.93. 1,306,926 shares of the stock were exchanged, compared to its average volume of 1,002,537. The firm's fifty day moving average is $12.13 and its two-hundred day moving average is $12.37. Select Water Solutions, Inc. has a 1-year low of $8.60 and a 1-year high of $15.14. The company has a market cap of $1.30 billion, a PE ratio of 36.43 and a beta of 1.77. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.14). Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The business had revenue of $349.05 million for the quarter, compared to analysts' expectations of $333.62 million. Equities analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.56%. Select Water Solutions's payout ratio is 93.33%.

Insiders Place Their Bets

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the sale, the chief executive officer now directly owns 2,825,128 shares of the company's stock, valued at approximately $36,811,417.84. This represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 8.40% of the stock is owned by company insiders.

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.