John Schmitz Sells 9,521 Shares of Select Water Solutions (NYSE:WTTR) Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 9,521 shares of Select Water Solutions stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $11.04, for a total transaction of $105,111.84. Following the completion of the sale, the chief executive officer directly owned 36,633 shares of the company’s stock, valued at approximately $404,428.32. The trade was a 20.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 transaction of $1,679,989.92.

Select Water Solutions Stock Down 1.5%

Select Water Solutions stock opened at $9.95 on Friday. Select Water Solutions, Inc. has a 1-year low of $7.20 and a 1-year high of $15.14. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 52.34 and a beta of 1.18. The firm’s fifty day moving average price is $10.60 and its two-hundred day moving average price is $9.39. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31.

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

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, November 7th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, November 7th. Select Water Solutions’s dividend payout ratio (DPR) is currently 147.37%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WTTR shares. Northland Capmk downgraded Select Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday. Wall Street Zen downgraded shares of Select Water Solutions from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $16.00 target price on shares of Select Water Solutions in a report on Wednesday, November 5th. 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a report on Tuesday, October 14th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Hedge Funds Weigh In On Select Water Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC grew its position in Select Water Solutions by 11.0% during the third quarter. Lazard Asset Management LLC now owns 173,522 shares of the company’s stock valued at $1,855,000 after buying an additional 17,219 shares during the period. Raymond James Financial Inc. boosted its stake in Select Water Solutions by 65.2% in the third quarter. Raymond James Financial Inc. now owns 186,514 shares of the company’s stock valued at $1,994,000 after acquiring an additional 73,615 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Select Water Solutions by 31.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,531 shares of the company’s stock valued at $433,000 after acquiring an additional 9,679 shares during the period. Wellington Management Group LLP grew its position in shares of Select Water Solutions by 16.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock valued at $54,802,000 after acquiring an additional 705,612 shares during the period. Finally, EVR Research LP increased its stake in shares of Select Water Solutions by 15.4% during the 3rd quarter. EVR Research LP now owns 900,000 shares of the company’s stock worth $9,621,000 after purchasing an additional 120,000 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

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.