CEO Insider Selling at Select Water Solutions, Inc. (NYSE:WTTR)

On February 14th, John Schmitz, the CEO of Select Water Solutions, Inc. (NYSE:WTTR), sold 73,450 shares of the company's stock. This transaction was conducted at an average share price of $13.03, leading to a total sale value of approximately $957,053.50. Following this sale, Schmitz retains ownership of 2,825,128 shares in Select Water Solutions, which are currently valued at about $36,811,417.84. The sale represents a decrease of 2.53% in his ownership stake. Details of the transaction have been filed with the Securities and Exchange Commission (SEC) and can be reviewed on their official website.

In addition to this transaction, John Schmitz also sold 26,550 shares of Select Water Solutions on February 11th, at an average price of $13.16, totaling approximately $349,398.00.

Current Market Performance of Select Water Solutions

As of Thursday, Select Water Solutions shares opened at $12.66. The company boasts a market capitalization of $1.51 billion, a price-to-earnings ratio of 42.20, and a beta of 1.73. Over the past year, the stock has seen a low of $7.74 and a high of $15.14. Notably, its 50-day simple moving average stands at $13.30, while the 200-day simple moving average is at $12.41. Financial metrics reveal a quick ratio of 1.62, a current ratio of 1.78, and a debt-to-equity ratio of 0.09.

On February 18th, the company released its latest earnings report, indicating an earnings per share (EPS) of ($0.01) for the quarter, which fell short of analysts' expectations of $0.13 by ($0.14). However, the company reported revenues of $349.05 million, exceeding the projected $333.62 million. Select Water Solutions achieved a return on equity of 3.49% and a net margin of 2.11%. Analysts predict that the company will report 0.91 earnings per share for the current fiscal year.

Dividend Information and Shareholder Returns

On February 14th, Select Water Solutions declared a quarterly dividend, which was paid out to shareholders who held shares as of February 4th. The dividend amounted to $0.07 per share, leading to an annualized dividend of $0.28 and a yield of 2.21%. The ex-dividend date for this payment was also February 4th, and the company's current dividend payout ratio (DPR) is 93.34%.

Analyst Ratings and Price Targets

In a recent report dated January 10th, Citigroup raised its price target for Select Water Solutions from $14.00 to $18.00 while maintaining a "buy" rating on the stock.

Hedge Fund Activity and Institutional Ownership

Various institutional investors and hedge funds have recently adjusted their stakes in Select Water Solutions. For instance, CWM LLC increased its holding in the company's shares by 182.8% in the third quarter and now owns 11,889 shares valued at $132,000. Creative Planning acquired new shares worth about $112,000 during the same period. Additionally, Stanley Laman Group Ltd. boosted its position by 3.4%, holding 340,382 shares now worth $3,788,000. The New York State Teachers Retirement System raised its stake by 13.8%, owning 8,327 shares valued at $93,000. Meanwhile, Harbor Capital Advisors Inc. increased its ownership significantly by 148.1%, amassing 1,121,146 shares worth about $12,478,000. Overall, institutional investors and hedge funds collectively own 81.73% of the stock.

About Select Water Solutions, Inc.

Select Water Solutions, Inc. provides water management and chemical solutions, specifically catering to the energy sector in the United States. The company operates three primary segments: Water Services, Water Infrastructure, and Chemical Technologies. Their Water Services division includes various water-related services such as sourcing, transfer, flowback testing, containment, hauling, monitoring, and network automation. They also provide technological solutions including mapping, monitoring, remote checks, leak detection, tracking, as well as rental equipment and workforce accommodation services.

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