Insider Selling: Select Water Solutions (NYSE:WTTR) CEO Sells 211,118 Shares of Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 211,118 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $11.15, for a total transaction of $2,353,965.70. Following the completion of the sale, the chief executive officer owned 32,687 shares of the company’s stock, valued at $364,460.05. The trade was a 86.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, December 5th, John Schmitz sold 70,375 shares of Select Water Solutions stock. The shares were sold at an average price of $11.21, for a total value of $788,903.75.
• On Wednesday, November 12th, John Schmitz sold 9,521 shares of Select Water Solutions stock. The stock was sold at an average price of $11.04, for a total value of $105,111.84.
• On Monday, November 10th, John Schmitz sold 152,173 shares of Select Water Solutions stock. The shares were sold at an average price of $11.04, for a total value of $1,679,989.92.

Select Water Solutions Stock Down 1.2%

Shares of NYSE:WTTR traded down $0.13 during trading on Monday, reaching $11.07. 601,133 shares of the stock were exchanged, compared to its average volume of 1,181,252. The stock has a fifty day moving average of $10.76 and a two-hundred day moving average of $9.60. Select Water Solutions, Inc. has a 1-year low of $7.20 and a 1-year high of $14.88. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 1.48. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 58.27 and a beta of 0.97.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $322.24 million for the quarter, compared to analyst estimates of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. Research analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 7th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, November 7th. This represents a $0.28 annualized dividend and a yield of 2.5%. Select Water Solutions’s dividend payout ratio is 147.37%.

Analysts Set New Price Targets

WTTR has been the topic of several recent analyst reports. Northland Securities cut Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a research note on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research report on Tuesday, October 14th. Wall Street Zen downgraded shares of Select Water Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $16.00 price objective on shares of Select Water Solutions in a research note on Wednesday, November 5th. Finally, Northland Capmk downgraded Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Select Water Solutions has an average rating of “Moderate Buy” and an average target price of $14.25.

Institutional Investors Weigh In On Select Water Solutions

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in Select Water Solutions by 160.2% in the third quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after purchasing an additional 1,610 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Select Water Solutions during the 3rd quarter valued at $29,000. State of Alaska Department of Revenue bought a new position in shares of Select Water Solutions during the 3rd quarter worth $33,000. Osaic Holdings Inc. increased its holdings in Select Water Solutions by 59.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after acquiring an additional 1,830 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Select Water Solutions by 2,704.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after acquiring an additional 5,408 shares during the period. Hedge funds and other 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.