Consolidated Water Co. Ltd. $CWCO Shares Acquired by Comprehensive Money Management Services LLC

Comprehensive Money Management Services LLC lifted its stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 13.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,428 shares of the utilities provider’s stock after purchasing an additional 1,363 shares during the quarter. Comprehensive Money Management Services LLC’s holdings in Consolidated Water were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Consolidated Water during the second quarter worth $31,013,000. Invesco Ltd. lifted its stake in shares of Consolidated Water by 27.3% during the first quarter. Invesco Ltd. now owns 306,288 shares of the utilities provider’s stock worth $7,501,000 after buying an additional 65,744 shares during the period. Heartland Advisors Inc. lifted its stake in shares of Consolidated Water by 146.8% during the first quarter. Heartland Advisors Inc. now owns 270,100 shares of the utilities provider’s stock worth $6,615,000 after buying an additional 160,657 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Consolidated Water by 8.3% during the first quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider’s stock worth $4,189,000 after buying an additional 13,061 shares during the period. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Consolidated Water during the first quarter worth $3,687,000. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CWCO shares. Roth Capital lifted their price objective on shares of Consolidated Water from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of Consolidated Water from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings raised shares of Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $40.00.

Insider Activity at Consolidated Water

In other news, Director Raymond Whittaker sold 4,755 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $33.35, for a total transaction of $158,579.25. Following the completion of the sale, the director owned 1,000 shares of the company’s stock, valued at $33,350. The trade was a 82.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.25% of the stock is owned by corporate insiders.

Consolidated Water Stock Up 0.4%

CWCO stock opened at $33.61 on Friday. The stock has a market capitalization of $535.41 million, a P/E ratio of 20.75 and a beta of 0.53. The firm has a 50-day simple moving average of $33.00 and a 200-day simple moving average of $28.96. Consolidated Water Co. Ltd. has a 52 week low of $22.69 and a 52 week high of $35.48.

Consolidated Water (NASDAQ:CWCO) last released its earnings results on Monday, August 11th. The utilities provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.12. The business had revenue of $33.59 million during the quarter, compared to analysts’ expectations of $32.75 million. Consolidated Water had a net margin of 12.24% and a return on equity of 7.77%. On average, analysts expect that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current year.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.7%. Consolidated Water’s payout ratio is currently 34.57%.

Consolidated Water Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.