Dimensional Fund Advisors LP Sells 29,312 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Dimensional Fund Advisors LP cut its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 0.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,525,117 shares of the company's stock after selling 29,312 shares during the period. Dimensional Fund Advisors LP owned about 5.47% of Select Water Solutions worth $86,391,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its stake in shares of Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock valued at $67,000 after buying an additional 1,007 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in Select Water Solutions by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company's stock valued at $680,000 after acquiring an additional 1,073 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Select Water Solutions by 13.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock worth $126,000 after acquiring an additional 1,143 shares in the last quarter. Inspire Advisors LLC increased its stake in shares of Select Water Solutions by 6.2% during the 4th quarter. Inspire Advisors LLC now owns 20,751 shares of the company's stock worth $275,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Select Water Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 181,900 shares of the company's stock valued at $2,408,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company's stock.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the sale, the chief executive officer now directly owns 2,825,128 shares in the company, valued at $36,811,417.84. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.40% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their price objective 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.

Select Water Solutions Stock Performance

WTTR stock traded up $0.16 during midday trading on Friday, hitting $8.88. 665,161 shares of the company traded hands, compared to its average volume of 1,085,753. Select Water Solutions, Inc. has a twelve month low of $7.58 and a twelve month high of $15.14. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 29.58 and a beta of 1.51. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. The business has a 50 day simple moving average of $9.52 and a 200-day simple moving average of $11.89.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its 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 firm had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. As a group, equities research analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, May 6th. This represents a $0.28 annualized dividend and a dividend yield of 3.15%. Select Water Solutions's dividend payout ratio is presently 93.33%.

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.