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

Charles Schwab Investment Management Inc. lessened its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 915,212 shares of the company’s stock after selling 106,201 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.77% of Select Water Solutions worth $12,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in Select Water Solutions by 24.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock worth $67,000 after buying an additional 1,007 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new position in shares of Select Water Solutions during the 3rd quarter valued at approximately $107,000. CreativeOne Wealth LLC purchased a new stake in Select Water Solutions in the 3rd quarter worth approximately $133,000. Truist Financial Corp purchased a new stake in Select Water Solutions in the 4th quarter worth approximately $134,000. Finally, James Investment Research Inc. bought a new stake in Select Water Solutions during the 4th quarter worth approximately $137,000. Institutional investors own 81.73% of the company’s stock.

Insider Transactions at Select Water Solutions

In other news, CEO John Schmitz sold 73,450 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the completion of the sale, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Select Water Solutions Price Performance

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

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

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a $0.07 dividend. 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 is currently 93.33%.

Select Water Solutions 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.