Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,723,912 shares of the company's stock after selling 94,104 shares during the period. Victory Capital Management Inc. owned 3.12% of Select Water Solutions worth $49,305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WTTR. Parkside Financial Bank & Trust increased its position 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 in the last quarter. New York State Teachers Retirement System boosted its stake in Select Water Solutions by 13.8% during the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company's stock valued at $93,000 after acquiring an additional 1,010 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in Select Water Solutions during the 3rd quarter valued at $107,000. Creative Planning bought a new position in Select Water Solutions during the 3rd quarter valued at $112,000. Finally, CreativeOne Wealth LLC bought a new position in Select Water Solutions during the 3rd quarter valued at $133,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Select Water Solutions Stock Down 1.2 %

NYSE WTTR traded down $0.13 during trading hours on Friday, reaching $10.03. 3,214,272 shares of the company traded hands, compared to its average volume of 1,032,854. Select Water Solutions, Inc. has a 12 month low of $8.38 and a 12 month high of $15.14. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.20 billion, a PE ratio of 33.42 and a beta of 1.77. The company has a 50 day moving average of $12.93 and a two-hundred day moving average of $12.47.

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Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly 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 return on equity of 3.48% and a net margin of 2.11%. The business had revenue of $349.05 million during the quarter, compared to the consensus estimate of $333.62 million. As a group, equities analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.79%. Select Water Solutions's payout ratio is currently 93.33%.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the 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. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup increased 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 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.