Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Americana Partners LLC

Americana Partners LLC lessened its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,169 shares of the company’s stock after selling 10,000 shares during the quarter. Americana Partners LLC owned approximately 0.11% of Select Water Solutions worth $1,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in WTTR. CWM LLC lifted its holdings in shares of Select Water Solutions by 182.8% in the third quarter. CWM LLC now owns 11,889 shares of the company’s stock valued at $132,000 after purchasing an additional 7,685 shares in the last quarter. Creative Planning acquired a new stake in Select Water Solutions during the 3rd quarter valued at $112,000. Vest Financial LLC grew its holdings in Select Water Solutions by 20.7% during the 3rd quarter. Vest Financial LLC now owns 130,741 shares of the company’s stock valued at $1,455,000 after buying an additional 22,387 shares during the last quarter. Stanley Laman Group Ltd. grew its holdings in Select Water Solutions by 3.4% during the 3rd quarter. Stanley Laman Group Ltd. now owns 340,382 shares of the company’s stock valued at $3,788,000 after buying an additional 11,127 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in Select Water Solutions by 13.8% during the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock valued at $93,000 after buying an additional 1,010 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insiders Place Their Bets

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total value of $349,398.00. Following the sale, the chief executive officer now directly owns 2,898,578 shares of the company’s stock, valued at approximately $38,145,286.48. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

Analysts Set New Price Targets

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

Select Water Solutions Stock Performance

NYSE:WTTR opened at $13.13 on Tuesday. The firm has a 50 day simple moving average of $13.36 and a 200-day simple moving average of $12.39. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. The firm has a market cap of $1.57 billion, a PE ratio of 22.26 and a beta of 1.73. Select Water Solutions, Inc. has a 1-year low of $7.60 and a 1-year high of $15.14.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio is presently 47.46%.

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.