Select Water Solutions, Inc. (NYSE:WTTR) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 0.4% during the fourth quarter, according to its most recent Form 13F filing 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 5.47% of Select Water Solutions worth $86,391,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in shares of Select Water Solutions by 24.9% during the fourth 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 in the last quarter. Amundi boosted its holdings in Select Water Solutions by 83.8% in the 4th quarter. Amundi now owns 9,010 shares of the company's stock worth $119,000 after buying an additional 4,109 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in Select Water Solutions by 13.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock worth $126,000 after buying an additional 1,143 shares in the last quarter. Truist Financial Corp acquired a new position in shares of Select Water Solutions during the fourth quarter valued at approximately $134,000. Finally, Atria Investments Inc purchased a new position in shares of Select Water Solutions in the fourth quarter valued at approximately $134,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Insider Activity

In related news, CEO John Schmitz sold 26,550 shares of the stock in a transaction that occurred on 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 directly owns 2,898,578 shares in the company, valued at approximately $38,145,286.48. This represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.40% of the company's stock.

Wall Street Analyst Weigh In

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

Select Water Solutions Price Performance

NYSE WTTR traded down $0.25 during trading hours on Monday, hitting $8.63. 361,934 shares of the company's stock traded hands, compared to its average volume of 1,080,207. 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 firm's 50-day moving average is $9.52 and its 200-day moving average is $11.90. Select Water Solutions, Inc. has a 52-week low of $7.58 and a 52-week high of $15.14. The company has a market capitalization of $1.03 billion, a PE ratio of 28.76 and a beta of 1.28.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate 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 company had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Equities analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders 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 3.25%. Select Water Solutions's payout ratio is 93.33%.

Select Water Solutions Company 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.