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

Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) CEO John Schmitz sold 73,450 shares of the firm's stock in a transaction 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 in the company, valued at approximately $36,811,417.84. This trade represents a 2.53 % 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 Tuesday, February 11th, John Schmitz sold 26,550 shares of Select Water Solutions stock. The stock was sold at an average price of $13.16, for a total value of $349,398.00.

Select Water Solutions Trading Down 0.6 %

Shares of Select Water Solutions stock traded down $0.08 during trading on Friday, hitting $12.37. The company's stock had a trading volume of 1,156,898 shares, compared to its average volume of 981,230. 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, Inc. has a 52 week low of $8.12 and a 52 week high of $15.14. The stock has a 50-day moving average price of $13.24 and a two-hundred day moving average price of $12.43. 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 announced its 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). The company had revenue of $349.05 million for the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. Equities research analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions's payout ratio is presently 93.34%.

Analyst Upgrades and Downgrades

Separately, Citigroup raised their price objective on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a report on Friday, January 10th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Select Water Solutions by 51.9% during the third 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 period. First Trust Advisors LP lifted its holdings in Select Water Solutions by 21.9% in the fourth quarter. First Trust Advisors LP now owns 6,828,596 shares of the company's stock valued at $90,411,000 after buying an additional 1,226,061 shares during the period. Harbor Capital Advisors Inc. boosted its position in Select Water Solutions by 148.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company's stock valued at $12,478,000 after acquiring an additional 669,301 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in Select Water Solutions during the 4th quarter worth about $7,274,000. Finally, Penn Capital Management Company LLC acquired a new position in Select Water Solutions in the fourth quarter valued at approximately $5,751,000. Institutional investors own 81.73% of the company's stock.

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.