Key Points
- CEO John Schmitz sold 152,173 shares on Nov. 10 at an average price of $11.04 for about $1.68 million, cutting his holding by 79.33% to 39,646 shares.
- Select Water reported Q3 EPS of $0.03 (in line with estimates) and revenue of $322.24 million (above estimates) but revenue was down 13.2% year‑over‑year, and the stock recently fell about 6.7%.
- The company announced a quarterly dividend of $0.07 ($0.28 annualized, a 2.8% yield) with an ex‑dividend date of Nov. 7, while the dividend payout ratio stands at 147.37%.
Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) CEO John Schmitz sold 9,521 shares of Select Water Solutions stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $11.04, for a total value of $105,111.84. Following the transaction, the chief executive officer owned 36,633 shares of the company's stock, valued at $404,428.32. This represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 value of $1,679,989.92.
Select Water Solutions Trading Up 0.3%
Shares of WTTR stock traded up $0.03 during mid-day trading on Friday, reaching $10.13. The company's stock had a trading volume of 312,233 shares, compared to its average volume of 1,212,705. The company has a quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.31. The company's 50 day simple moving average is $10.57 and its 200-day simple moving average is $9.39. Select Water Solutions, Inc. has a 12-month low of $7.20 and a 12-month high of $15.14. The firm has a market capitalization of $1.23 billion, a PE ratio of 53.32 and a beta of 1.18.
Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $306.39 million. During the same quarter last year, the business posted $0.15 EPS. The business's revenue was down 13.2% on a year-over-year basis. On average, research analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.
Select Water Solutions Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, November 7th will be given a $0.07 dividend. 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 payout ratio is 147.37%.
Institutional Investors Weigh In On Select Water Solutions
Large investors have recently bought and sold shares of the business. State of Wyoming grew its stake in shares of Select Water Solutions by 34.1% during the 1st quarter. State of Wyoming now owns 5,932 shares of the company's stock valued at $62,000 after purchasing an additional 1,509 shares during the period. Legato Capital Management LLC raised its position in shares of Select Water Solutions by 1.7% during the 3rd quarter. Legato Capital Management LLC now owns 97,358 shares of the company's stock valued at $1,041,000 after buying an additional 1,587 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of 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 acquiring an additional 1,610 shares during the period. Profund Advisors LLC lifted its position in shares of Select Water Solutions by 10.4% during the second quarter. Profund Advisors LLC now owns 17,730 shares of the company's stock worth $153,000 after purchasing an additional 1,663 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Select Water Solutions by 3.9% in the first quarter. Principal Financial Group Inc. now owns 48,603 shares of the company's stock valued at $510,000 after purchasing an additional 1,822 shares during the period. 81.73% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on WTTR shares. Northland Securities lowered shares of Select Water Solutions from an "outperform" rating to a "market perform" rating and set a $12.00 target price for the company. in a report on Thursday. Weiss Ratings reissued a "hold (c)" rating on shares of Select Water Solutions in a research report on Tuesday, October 14th. Northland Capmk cut Select Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Raymond James Financial reissued a "strong-buy" rating and issued a $16.00 price target on shares of Select Water Solutions in a research report on Wednesday, November 5th. Finally, Wall Street Zen lowered shares of Select Water Solutions from a "hold" rating to a "sell" rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Select Water Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $14.25.
Read Our Latest Report on Select Water Solutions
Select Water Solutions Company Profile
(
Get Free Report)
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.
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