Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,125,687 shares of the company's stock after selling 220,277 shares during the period. JPMorgan Chase & Co. owned 0.94% of Select Water Solutions worth $14,904,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock valued at $67,000 after purchasing an additional 1,007 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in Select Water Solutions by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company's stock valued at $680,000 after acquiring an additional 1,073 shares during the last quarter. Inspire Advisors LLC increased its stake in Select Water Solutions by 6.2% during the fourth quarter. Inspire Advisors LLC now owns 20,751 shares of the company's stock worth $275,000 after acquiring an additional 1,216 shares during the last quarter. Swiss National Bank increased its stake in Select Water Solutions by 0.8% during the fourth quarter. Swiss National Bank now owns 181,900 shares of the company's stock worth $2,408,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Lane Generational LLC raised its position in Select Water Solutions by 0.5% in the fourth quarter. Lane Generational LLC now owns 314,929 shares of the company's stock valued at $4,170,000 after purchasing an additional 1,638 shares during the period. Institutional investors and hedge funds own 81.73% of the company's stock.

Select Water Solutions Trading Up 3.2 %

Shares of NYSE:WTTR traded up $0.27 during mid-day trading on Thursday, reaching $8.51. 133,556 shares of the company were exchanged, compared to its average volume of 1,436,280. Select Water Solutions, Inc. has a 1 year low of $7.58 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. The firm's 50-day simple moving average is $10.49 and its 200 day simple moving average is $12.11. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 28.33 and a beta of 1.51.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) EPS 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 firm had revenue of $349.05 million for the quarter, compared to analysts' expectations of $333.62 million. Equities research analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 yield of 3.29%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions's dividend payout ratio (DPR) is 93.33%.

Insider Buying and Selling at Select Water Solutions

In related news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the transaction, the chief executive officer now owns 2,898,578 shares in the company, valued at approximately $38,145,286.48. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Citigroup increased their price target on Select Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a report 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.