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

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

Select Water Solutions Stock Performance

Select Water Solutions stock opened at $12.46 on Friday. The firm has a 50 day simple moving average of $13.40 and a 200-day simple moving average of $12.36. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 21.12 and a beta of 1.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. Select Water Solutions, Inc. has a 1-year low of $7.55 and a 1-year high of $15.14.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.25%. Select Water Solutions’s payout ratio is 47.46%.

Analyst Upgrades and Downgrades

Separately, Citigroup lifted their price target on Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, January 10th.

Institutional Investors Weigh In On Select Water Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTTR. Principal Financial Group Inc. acquired a new position in shares of Select Water Solutions in the 3rd quarter valued at $483,000. Geode Capital Management LLC increased its position 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 during the last quarter. Foundry Partners LLC raised its holdings in Select Water Solutions by 29.8% in 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 period. Barclays PLC lifted its position in Select Water Solutions by 319.3% in the third 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 during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position 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 valued at $12,478,000 after buying an additional 669,301 shares during the last quarter. Institutional investors and hedge funds 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.