Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lowered its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 516,880 shares of the company's stock after selling 105,875 shares during the quarter. Foundry Partners LLC owned about 0.43% of Select Water Solutions worth $6,843,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FMR LLC raised its position in Select Water Solutions by 51.9% during the 3rd quarter. FMR LLC now owns 3,728,787 shares of the company's stock worth $41,501,000 after buying an additional 1,274,600 shares during the last quarter. Van ECK Associates Corp raised its position in Select Water Solutions by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock valued at $26,456,000 after acquiring an additional 430,363 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Select Water Solutions during the 4th quarter worth approximately $5,346,000. Arrowstreet Capital Limited Partnership boosted its holdings in Select Water Solutions by 254.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 524,354 shares of the company's stock worth $6,942,000 after buying an additional 376,218 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in Select Water Solutions during the fourth quarter valued at $4,913,000. Hedge funds and other institutional investors own 81.73% of the company's stock.

Insiders Place Their Bets

In other news, CEO John Schmitz sold 73,450 shares of Select Water Solutions stock in a transaction dated 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 owns 2,825,128 shares of the company's stock, valued at $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.40% of the stock is owned by insiders.

Select Water Solutions Stock Down 3.0 %

Shares of NYSE WTTR traded down $0.24 during midday trading on Wednesday, hitting $7.70. The company's stock had a trading volume of 522,152 shares, compared to its average volume of 1,072,373. The firm has a market capitalization of $917.92 million, a price-to-earnings ratio of 25.52 and a beta of 1.51. The business's fifty day simple moving average is $11.15 and its two-hundred day simple moving average is $12.26. Select Water Solutions, Inc. has a 1 year low of $7.57 and a 1 year high of $15.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its 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 return on equity of 3.48% and a net margin of 2.11%. The firm had revenue of $349.05 million for the quarter, compared to analyst estimates of $333.62 million. On average, equities analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions's dividend payout ratio is presently 93.33%.

Wall Street Analyst Weigh In

Separately, Citigroup raised 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.

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.