Franklin Resources Inc. Sells 56,155 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Franklin Resources Inc. reduced its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,484 shares of the company's stock after selling 56,155 shares during the quarter. Franklin Resources Inc. owned approximately 0.18% of Select Water Solutions worth $2,919,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of WTTR. Parkside Financial Bank & Trust raised its stake in shares of Select Water Solutions by 24.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after acquiring an additional 1,007 shares during the last quarter. Amundi increased its position in Select Water Solutions by 83.8% in the fourth quarter. Amundi now owns 9,010 shares of the company's stock worth $119,000 after purchasing an additional 4,109 shares during the period. Truist Financial Corp bought a new stake in Select Water Solutions during the 4th quarter worth about $134,000. Atria Investments Inc bought a new position in shares of Select Water Solutions in the 4th quarter valued at about $134,000. Finally, James Investment Research Inc. acquired a new stake in shares of Select Water Solutions during the 4th quarter worth approximately $137,000. 81.73% of the stock is currently owned by institutional investors.

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 research note on Friday, January 10th.

Select Water Solutions Trading Up 3.6 %

NYSE WTTR traded up $0.30 during trading on Friday, reaching $8.54. 1,012,665 shares of the stock traded hands, compared to its average volume of 1,100,002. The stock's 50-day moving average price is $10.40 and its 200 day moving average price is $12.09. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 28.45 and a beta of 1.51. Select Water Solutions, Inc. has a fifty-two week low of $7.58 and a fifty-two week high of $15.14. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.14). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The business had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's payout ratio is presently 93.33%.

Insider Buying and Selling at Select Water Solutions

In other news, CEO John Schmitz sold 73,450 shares of the business'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 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.40% 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.