John Schmitz Sells 16,841 Shares of Select Water Solutions (NYSE:WTTR) Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 16,841 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $13.01, for a total value of $219,101.41. Following the sale, the chief executive officer directly owned 283,159 shares in the company, valued at approximately $3,683,898.59. The trade was a 5.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 9th, John Schmitz sold 33,916 shares of Select Water Solutions stock. The stock was sold at an average price of $13.03, for a total transaction of $441,925.48.
• 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 transaction of $788,903.75.
• On Thursday, December 4th, John Schmitz sold 211,118 shares of Select Water Solutions stock. The shares were sold at an average price of $11.15, for a total transaction of $2,353,965.70.
• 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 transaction of $105,111.84.

Select Water Solutions Trading Up 2.1%

NYSE:WTTR opened at $12.98 on Thursday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 68.33 and a beta of 1.03. Select Water Solutions, Inc. has a 52 week low of $7.20 and a 52 week high of $13.50. The company has a quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $11.44 and a 200 day moving average of $10.42.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.2%. Select Water Solutions’s dividend payout ratio (DPR) is presently 147.37%.

Analysts Set New Price Targets

A number of equities research analysts have commented on WTTR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. Piper Sandler set a $14.00 price objective on shares of Select Water Solutions in a research report on Thursday, December 18th. Raymond James Financial reissued a “strong-buy” rating and set a $16.00 target price on shares of Select Water Solutions in a research report on Wednesday, November 5th. Northland Securities cut shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a report on Thursday, November 13th. Finally, Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its stake in shares of Select Water Solutions by 56.4% during the 4th quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company’s stock valued at $81,278,000 after buying an additional 2,786,172 shares during the last quarter. Vanguard Group Inc. raised its position in Select Water Solutions by 0.3% during the third quarter. Vanguard Group Inc. now owns 6,297,344 shares of the company’s stock valued at $67,319,000 after acquiring an additional 15,800 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Select Water Solutions by 16.0% in the third 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. American Century Companies Inc. lifted its holdings in Select Water Solutions by 6.5% in the third quarter. American Century Companies Inc. now owns 3,899,603 shares of the company’s stock valued at $41,687,000 after acquiring an additional 238,898 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its position in Select Water Solutions by 1,334.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 3,783,865 shares of the company’s stock worth $40,450,000 after purchasing an additional 3,520,091 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.