Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) CEO John Schmitz sold 70,375 shares of the stock in a transaction on 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 owned 31,372 shares in the company, valued at approximately $351,680.12. This represents a 69.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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 shares were 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 stock was 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 shares were 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 opened at $11.07 on Tuesday. 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 one year low of $7.20 and a one year high of $14.88. The company has a market cap of $1.34 billion, a PE ratio of 58.27 and a beta of 0.97. The firm has a 50-day moving average of $10.76 and a 200-day moving average of $9.62.
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 for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $322.24 million for the quarter, compared to analysts' expectations of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The firm's revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 EPS. As a group, equities research 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 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%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. grew its stake in Select Water Solutions by 3.8% in the 2nd 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 bought a new position in shares of Select Water Solutions in the first quarter worth $660,000. Palogic Value Management L.P. purchased a new position in shares of Select Water Solutions in the first quarter valued at $682,000. Nuveen LLC bought a new stake in shares of Select Water Solutions during the 1st quarter valued at $1,915,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Select Water Solutions during the 1st quarter worth about $315,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have weighed in on WTTR. Weiss Ratings restated a "hold (c)" rating on shares of Select Water Solutions in a research note on Tuesday, October 14th. Northland Securities lowered shares of Select Water Solutions from an "outperform" rating to a "market perform" rating and set a $12.00 price target on the stock. in a research report on Thursday, November 13th. 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 reissued a "strong-buy" rating and set a $16.00 target price on shares of Select Water Solutions in a research report 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 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.25.
Read Our Latest Stock Analysis on Select Water Solutions
About Select Water Solutions
(
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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