Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 14.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,915 shares of the company's stock after selling 26,737 shares during the quarter. Rhumbline Advisers owned about 0.13% of Select Water Solutions worth $2,091,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WTTR. FMR LLC grew its position in shares of Select Water Solutions by 51.9% during the 3rd 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. Van ECK Associates Corp grew its holdings in shares of 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 purchasing an additional 430,363 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Select Water Solutions by 32.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company's stock worth $14,981,000 after purchasing an additional 329,353 shares during the period. Icon Wealth Advisors LLC lifted its holdings in shares of Select Water Solutions by 82.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company's stock worth $7,007,000 after purchasing an additional 284,891 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Select Water Solutions by 46.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 558,530 shares of the company's stock valued at $6,216,000 after purchasing an additional 177,900 shares during the period. Institutional investors own 81.73% of the company's stock.

Insider Buying and Selling

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

Select Water Solutions Price Performance

NYSE WTTR opened at $11.50 on Tuesday. The company has a 50-day moving average price of $13.15 and a two-hundred day moving average price of $12.48. Select Water Solutions, Inc. has a 52 week low of $8.12 and a 52 week high of $15.14. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 38.33 and a beta of 1.73. 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 issued its quarterly earnings data 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). The business had revenue of $349.05 million during the quarter, compared to the consensus estimate of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. Analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently disclosed 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's dividend payout ratio is currently 93.33%.

Analyst Upgrades and Downgrades

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

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