Brian Szymanski Sells 20,000 Shares of Select Water Solutions (NYSE:WTTR) Stock

Select Water Solutions, Inc. (NYSE:WTTR) CAO Brian Szymanski sold 20,000 shares of Select Water Solutions stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $17.04, for a total transaction of $340,800.00. Following the transaction, the chief accounting officer directly owned 114,752 shares in the company, valued at $1,955,374.08. This trade represents a 14.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Select Water Solutions Price Performance

Shares of WTTR stock opened at $18.34 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.42. The firm’s 50-day moving average is $15.37 and its two-hundred day moving average is $12.85. Select Water Solutions, Inc. has a 12 month low of $7.82 and a 12 month high of $18.50. The company has a market capitalization of $2.23 billion, a PE ratio of 87.31 and a beta of 0.99.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, May 5th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The company had revenue of $365.96 million for the quarter, compared to the consensus estimate of $344.63 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Select Water Solutions’s quarterly revenue was down 2.2% compared to the same quarter last year. Analysts predict that Select Water Solutions, Inc. will post 0.29 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. Select Water Solutions’s payout ratio is 133.33%.

Analysts Set New Price Targets

A number of brokerages have commented on WTTR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research note on Wednesday, April 8th. Northland Securities set a $21.00 price target on shares of Select Water Solutions in a research note on Thursday, May 7th. Citigroup boosted their price target on shares of Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday. Piper Sandler boosted their price target on shares of Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $24.00 price target on shares of Select Water Solutions in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $21.25.

Institutional Investors Weigh In On Select Water Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in WTTR. Cinctive Capital Management LP grew its holdings in shares of Select Water Solutions by 55.7% in the third quarter. Cinctive Capital Management LP now owns 623,285 shares of the company’s stock valued at $6,663,000 after purchasing an additional 222,849 shares in the last quarter. Penn Capital Management Company LLC grew its holdings in shares of Select Water Solutions by 12.2% in the third quarter. Penn Capital Management Company LLC now owns 1,179,161 shares of the company’s stock valued at $12,618,000 after purchasing an additional 128,257 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Select Water Solutions by 91.9% in the third quarter. Gabelli Funds LLC now owns 325,209 shares of the company’s stock valued at $3,476,000 after purchasing an additional 155,703 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Select Water Solutions by 176.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 299,129 shares of the company’s stock valued at $3,147,000 after purchasing an additional 191,086 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new position in shares of Select Water Solutions in the third quarter valued at approximately $1,604,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

About Select Water Solutions

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.