Select Water Solutions (NYSE:WTTR) CEO John Schmitz Sells 9,521 Shares of Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 9,521 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $11.04, for a total transaction of $105,111.84. Following the completion of the transaction, the chief executive officer directly owned 36,633 shares in the company, valued at $404,428.32. This represents a 20.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Schmitz also recently made the following trade(s):

• On Monday, November 10th, John Schmitz sold 152,173 shares of Select Water Solutions stock. The stock was sold at an average price of $11.04, for a total transaction of $1,679,989.92.

Select Water Solutions Trading Up 0.3%

Shares of NYSE WTTR traded up $0.03 during trading hours on Friday, reaching $10.13. The stock had a trading volume of 312,233 shares, compared to its average volume of 1,212,705. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 53.32 and a beta of 1.18. The business’s fifty day moving average price is $10.57 and its two-hundred day moving average price is $9.39. Select Water Solutions, Inc. has a 52-week low of $7.20 and a 52-week high of $15.14.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. Select Water Solutions had a return on equity of 2.26% and a net margin of 1.41%.The business had revenue of $322.24 million during the quarter, compared to analyst estimates of $306.39 million. During the same period in the previous year, the company posted $0.15 EPS. Select Water Solutions’s revenue was down 13.2% on a year-over-year basis. Analysts expect 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 will be paid on Monday, November 17th. Shareholders of record on Friday, November 7th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, November 7th. This represents a $0.28 dividend on an annualized basis and a yield of 2.8%. Select Water Solutions’s dividend payout ratio is currently 147.37%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Northland Securities downgraded shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Thursday. Northland Capmk downgraded shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday. Raymond James Financial restated a “strong-buy” rating and set a $16.00 price objective on shares of Select Water Solutions in a research note on Wednesday, November 5th. Wall Street Zen lowered shares of Select Water Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Institutional Investors Weigh In On Select Water Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTTR. Harbor Capital Advisors Inc. grew its stake in shares of Select Water Solutions by 3.8% in the second quarter. Harbor Capital Advisors Inc. now owns 1,054,145 shares of the company’s stock valued at $9,108,000 after buying an additional 38,692 shares in the last quarter. Strs Ohio acquired a new stake in Select Water Solutions during the 1st quarter worth approximately $660,000. Palogic Value Management L.P. acquired a new stake in Select Water Solutions during the 1st quarter worth approximately $682,000. New York State Common Retirement Fund increased its position in shares of Select Water Solutions by 57.6% during the first quarter. New York State Common Retirement Fund now owns 664,868 shares of the company’s stock worth $6,981,000 after acquiring an additional 243,114 shares during the period. Finally, Nuveen LLC acquired a new stake in Select Water Solutions in the 1st quarter valued at about $1,915,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

About Select Water Solutions

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.