Charles Schwab Investment Management Inc. Cuts Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Charles Schwab Investment Management Inc. decreased its holdings in Select Water Solutions, Inc. (NYSE:WTTR) by 10.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 915,212 shares of the company’s stock after selling 106,201 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Select Water Solutions were worth $12,117,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its stake in shares of Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock worth $67,000 after purchasing an additional 1,007 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in Select Water Solutions in the third quarter worth about $107,000. CreativeOne Wealth LLC bought a new position in Select Water Solutions in the third quarter worth about $133,000. Truist Financial Corp purchased a new stake in shares of Select Water Solutions during the fourth quarter valued at about $134,000. Finally, James Investment Research Inc. bought a new stake in shares of Select Water Solutions in the 4th quarter valued at about $137,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 26,550 shares of the company’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 completion of the transaction, the chief executive officer now owns 2,898,578 shares of the company’s stock, valued at approximately $38,145,286.48. This represents a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.40% of the company’s stock.

Select Water Solutions Price Performance

NYSE WTTR opened at $10.16 on Friday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 33.85 and a beta of 1.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. The stock’s fifty day moving average price is $12.19 and its 200 day moving average price is $12.35. Select Water Solutions, Inc. has a 1 year low of $8.60 and a 1 year high of $15.14.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). The business had revenue of $349.05 million for the quarter, compared to analysts’ expectations of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. As a group, equities research analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is 93.33%.

Analyst Upgrades and Downgrades

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

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.