Raymond Whittaker Sells 1,000 Shares of Consolidated Water (NASDAQ:CWCO) Stock

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Raymond Whittaker sold 1,000 shares of Consolidated Water stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $28.93, for a total value of $28,930.00. Following the transaction, the director directly owned 2,038 shares of the company’s stock, valued at $58,959.34. This trade represents a 32.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Consolidated Water Trading Up 1.0%

Shares of NASDAQ CWCO opened at $29.28 on Friday. The company’s 50-day moving average price is $29.64 and its 200 day moving average price is $31.58. Consolidated Water Co. Ltd. has a 52 week low of $28.17 and a 52 week high of $39.12. The stock has a market cap of $468.86 million, a price-to-earnings ratio of 35.28 and a beta of 0.52.

Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings results on Monday, August 10th. The utilities provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Consolidated Water had a net margin of 12.66% and a return on equity of 7.23%. The business had revenue of $32.87 million for the quarter, compared to analyst estimates of $30.60 million. As a group, research analysts expect that Consolidated Water Co. Ltd. will post 0.95 earnings per share for the current year.

Consolidated Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 1st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.56 annualized dividend and a yield of 1.9%. Consolidated Water’s payout ratio is presently 67.47%.

Institutional Trading of Consolidated Water

A number of hedge funds have recently made changes to their positions in CWCO. Arrowstreet Capital Limited Partnership acquired a new stake in Consolidated Water during the 1st quarter valued at $1,241,000. Deutsche Bank AG grew its stake in shares of Consolidated Water by 242.5% during the fourth quarter. Deutsche Bank AG now owns 43,431 shares of the utilities provider’s stock valued at $1,533,000 after acquiring an additional 30,752 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Consolidated Water by 182.6% during the third quarter. Lazard Asset Management LLC now owns 39,006 shares of the utilities provider’s stock worth $1,376,000 after acquiring an additional 25,205 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Consolidated Water by 6.9% in the third quarter. Invesco Ltd. now owns 315,962 shares of the utilities provider’s stock worth $11,147,000 after acquiring an additional 20,264 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Consolidated Water by 139.6% in the third quarter. Two Sigma Investments LP now owns 33,844 shares of the utilities provider’s stock valued at $1,194,000 after purchasing an additional 19,717 shares during the last quarter. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Consolidated Water from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Zacks Research raised Consolidated Water from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Finally, Wall Street Zen lowered shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Consolidated Water presently has an average rating of “Hold”.

Consolidated Water Company Profile

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.