John Schmitz Sells 26,550 Shares of Select Water Solutions, Inc. (NYSE:WTTR) Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 26,550 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total transaction of $349,398.00. Following the completion of the sale, the chief executive officer now owns 2,898,578 shares of the company’s stock, valued at approximately $38,145,286.48. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Select Water Solutions Price Performance

Shares of WTTR opened at $13.13 on Friday. The business’s 50-day moving average is $13.38 and its 200-day moving average is $12.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 22.26 and a beta of 1.73. Select Water Solutions, Inc. has a fifty-two week low of $7.60 and a fifty-two week high of $15.14.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 2.13%. Select Water Solutions’s payout ratio is 47.46%.

Wall Street Analyst Weigh In

Separately, Citigroup raised 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.

Hedge Funds Weigh In On Select Water Solutions

Several institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. acquired a new stake in Select Water Solutions during the third quarter valued at $483,000. Geode Capital Management LLC raised its stake in shares of Select Water Solutions by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock worth $23,683,000 after purchasing an additional 155,091 shares in the last quarter. Foundry Partners LLC lifted its holdings in shares of Select Water Solutions by 29.8% during the 3rd quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock valued at $6,931,000 after buying an additional 142,919 shares during the last quarter. Barclays PLC grew its stake in shares of Select Water Solutions by 319.3% in the 3rd quarter. Barclays PLC now owns 140,648 shares of the company’s stock valued at $1,565,000 after buying an additional 107,107 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Select Water Solutions by 148.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company’s stock worth $12,478,000 after buying an additional 669,301 shares during the last quarter. 81.73% of the stock is currently 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.