Insider Selling: Select Water Solutions (NYSE:WTTR) CEO Sells 70,375 Shares of Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 70,375 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $11.21, for a total value of $788,903.75. Following the completion of the transaction, the chief executive officer directly owned 31,372 shares of the company’s stock, valued at approximately $351,680.12. The trade was a 69.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, December 4th, John Schmitz sold 211,118 shares of Select Water Solutions stock. The stock was sold at an average price of $11.15, for a total transaction of $2,353,965.70.
• On Wednesday, November 12th, John Schmitz sold 9,521 shares of Select Water Solutions stock. The shares were sold at an average price of $11.04, for a total transaction of $105,111.84.
• 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 Down 1.2%

NYSE WTTR traded down $0.13 on Monday, reaching $11.07. The company had a trading volume of 601,133 shares, compared to its average volume of 1,181,252. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 58.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 1.48. Select Water Solutions, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $14.88. The business has a 50 day moving average of $10.76 and a two-hundred day moving average of $9.60.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $322.24 million during the quarter, compared to analysts’ expectations of $306.39 million. Select Water Solutions had a return on equity of 2.26% and a net margin of 1.41%.The business’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Select Water Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Raymond James Financial reiterated a “strong-buy” rating and set a $16.00 price target on shares of Select Water Solutions in a report on Wednesday, November 5th. Northland Securities downgraded 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 reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research note on Tuesday, October 14th. Finally, Northland Capmk lowered 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 given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Institutional Trading of Select Water Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in Select Water Solutions by 160.2% during the third quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock worth $28,000 after acquiring an additional 1,610 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Select Water Solutions during the 3rd quarter valued at $29,000. State of Alaska Department of Revenue bought a new stake in shares of Select Water Solutions during the 3rd quarter worth $33,000. Osaic Holdings Inc. grew its position in Select Water Solutions by 59.9% during the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after buying an additional 1,830 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in Select Water Solutions by 2,704.0% during the third quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock worth $60,000 after buying an additional 5,408 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

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.