Insider Selling: Select Water Solutions, Inc. CEO Sells Shares

Select Water Solutions, Inc. (NYSE:WTTR) reported that their CEO, John Schmitz, sold 73,450 shares of the company stock on February 14th. These shares were sold at an average price of $13.03 each, bringing the total value of the transaction to $957,053.50. After this sale, Schmitz retains ownership of 2,825,128 shares, which are now worth approximately $36.81 million. This sale reflects a 2.53% reduction in his stake in the company. Details of this transaction were made public in a filing with the Securities and Exchange Commission (SEC).

Additionally, John Schmitz conducted another transaction just days earlier, on February 11th, where he sold 26,550 shares at an average price of $13.16, totaling $349,398.00.

Recent Stock Performance

On Thursday, Select Water Solutions' shares opened at $12.66, showing a decline of 5.5%. The company currently holds a market capitalization of $1.51 billion, with a price-to-earnings ratio of 42.20 and a beta of 1.73. Over the past 52 weeks, the stock has traded as low as $7.74 and as high as $15.14. The 50-day moving average is $13.30, while the 200-day average stands at $12.41. Select Water Solutions also has a quick ratio of 1.62, a current ratio of 1.78, and a very low debt-to-equity ratio of 0.09.

In its latest earnings report on February 18th, Select Water Solutions announced a loss of $0.01 per share for the quarter, falling short of the consensus estimate of $0.13 per share by $0.14. However, the company generated revenues of $349.05 million, surpassing analyst expectations of $333.62 million. The company's return on equity was recorded at 3.49%, with a net margin of 2.11%. Analysts predict that Select Water Solutions will post earnings of $0.91 per share for the year ahead.

Dividend Information

On a positive note, Select Water Solutions recently declared a quarterly dividend, which was paid out on February 14th. Shareholders who were on record as of February 4th received a dividend of $0.07 per share, which sums up to an annualized dividend of $0.28. This sets a yield of 2.21%. The ex-dividend date for this distribution was also February 4th. Currently, the company's dividend payout ratio stands at a substantial 93.34%.

Analyst Ratings and Institutional Investments

In terms of market analysis, Citigroup has recently hiked their price target on Select Water Solutions from $14.00 to $18.00, maintaining a 'buy' rating on the stock in a report dated January 10th.

Institutional investors have been actively adjusting their stakes in Select Water Solutions. Notably, CWM LLC increased its position by 182.8% in the third quarter, owning a total of 11,889 shares valued at $132,000. Other institutions, including Creative Planning and Stanley Laman Group Ltd., made significant adjustments as well, demonstrating interest in the company's stock. Overall, 81.73% of the shares are held by institutional and hedge funds.

Company Overview

Select Water Solutions, Inc., along with its subsidiaries, offers water management and chemical solutions primarily to the energy sector in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. Its services include water sourcing, transfer, and monitoring, among other water-related solutions.

insider, selling, CEO