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

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 26,550 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the transaction, the chief executive officer now directly owns 2,898,578 shares of the company’s stock, valued at $38,145,286.48. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Select Water Solutions Trading Up 0.6 %

WTTR stock opened at $12.46 on Friday. Select Water Solutions, Inc. has a 52-week low of $7.55 and a 52-week high of $15.14. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.49 billion, a P/E ratio of 21.12 and a beta of 1.73. The company’s 50-day simple moving average is $13.40 and its 200-day simple moving average is $12.36.

Select Water Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Select Water Solutions

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. purchased a new stake in Select Water Solutions during the 3rd quarter worth approximately $483,000. Geode Capital Management LLC boosted its stake in 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 grew its holdings in shares of Select Water Solutions by 29.8% during the third quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock worth $6,931,000 after buying an additional 142,919 shares in the last quarter. Barclays PLC raised its position in shares of 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. raised its position in shares of 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. 81.73% of the stock is owned by institutional investors and hedge funds.

About Select Water Solutions

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.