Insider Selling: Select Water Solutions (NYSE:WTTR) CEO Sells $2,353,965.70 in Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 211,118 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $11.15, for a total value of $2,353,965.70. Following the completion of the transaction, the chief executive officer directly owned 32,687 shares in the company, valued at approximately $364,460.05. This represents a 86.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, December 5th, John Schmitz sold 70,375 shares of Select Water Solutions stock. The shares were sold at an average price of $11.21, for a total value of $788,903.75.
• 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 value 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 Stock Performance

NYSE WTTR opened at $11.69 on Thursday. The company has a market capitalization of $1.42 billion, a PE ratio of 61.50 and a beta of 0.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.64. Select Water Solutions, Inc. has a 52-week low of $7.20 and a 52-week high of $14.88. The company has a 50-day simple moving average of $10.79 and a 200 day simple moving average of $9.65.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $322.24 million during the quarter, compared to the consensus estimate of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The company’s revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. On average, research analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were paid a $0.07 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.28 annualized dividend and a dividend yield of 2.4%. Select Water Solutions’s payout ratio is presently 147.37%.

Hedge Funds Weigh In On Select Water Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTTR. Penn Capital Management Company LLC raised its holdings in shares of Select Water Solutions by 12.2% in the 3rd quarter. Penn Capital Management Company LLC now owns 1,179,161 shares of the company’s stock valued at $12,618,000 after acquiring an additional 128,257 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Select Water Solutions by 2,704.0% in the third quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock worth $60,000 after purchasing an additional 5,408 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Select Water Solutions in the third quarter valued at approximately $166,000. Wilmington Savings Fund Society FSB bought a new stake in Select Water Solutions during the third quarter valued at approximately $29,000. Finally, Advisory Services Network LLC lifted its position in Select Water Solutions by 7.8% during the third quarter. Advisory Services Network LLC now owns 229,166 shares of the company’s stock valued at $2,450,000 after purchasing an additional 16,536 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WTTR has been the subject of several research reports. Northland Capmk downgraded Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research note on Tuesday, October 14th. Wall Street Zen cut shares of Select Water Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $16.00 price objective on shares of Select Water Solutions in a report on Wednesday, November 5th. Finally, Northland Securities cut shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

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.