Key Points
- Director Wilmer Pergande sold 4,299 shares at an average price of $33.75 on Dec. 3 for $145,091.25, reducing his position by 11.88% to 31,884 shares valued at about $1,076,085.
- Consolidated Water beat Q results with EPS $0.34 versus $0.24 expected and revenue $35.12M versus $32.90M, and analysts have upgraded the stock to a consensus Buy with an average target of $40.00.
- The company declared a quarterly dividend of $0.14 (annualized $0.56) with an ex-dividend/record date of Jan. 2 and a yield of roughly 1.6% (payout ratio ~57.7%).
Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report) Director Wilmer Pergande sold 1,053 shares of the firm's stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $34.00, for a total transaction of $35,802.00. Following the sale, the director owned 36,183 shares in the company, valued at approximately $1,230,222. This trade represents a 2.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Consolidated Water Stock Up 1.3%
Shares of NASDAQ:CWCO opened at $33.95 on Thursday. The business has a fifty day simple moving average of $34.67 and a 200-day simple moving average of $31.93. Consolidated Water Co. Ltd. has a 52 week low of $22.69 and a 52 week high of $38.36. The company has a market cap of $540.89 million, a P/E ratio of 34.92 and a beta of 0.50.
Consolidated Water (NASDAQ:CWCO - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The utilities provider reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.10. Consolidated Water had a net margin of 12.90% and a return on equity of 7.95%. The company had revenue of $35.12 million during the quarter, compared to the consensus estimate of $32.90 million. Sell-side analysts expect that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current fiscal year.
Consolidated Water Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 2nd will be issued a $0.14 dividend. The ex-dividend date is Friday, January 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.6%. Consolidated Water's dividend payout ratio (DPR) is presently 57.73%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on CWCO shares. Weiss Ratings raised Consolidated Water from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Consolidated Water from a "hold" rating to a "buy" rating in a report on Sunday, November 16th. Finally, Roth Capital raised their price objective on Consolidated Water from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Consolidated Water currently has an average rating of "Buy" and an average target price of $40.00.
Read Our Latest Research Report on CWCO
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group purchased a new stake in Consolidated Water during the 2nd quarter worth approximately $30,000. Quarry LP acquired a new stake in Consolidated Water in the third quarter valued at $40,000. Tower Research Capital LLC TRC boosted its stake in Consolidated Water by 335.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 1,165 shares during the last quarter. CWM LLC increased its position in shares of Consolidated Water by 67.5% in the 3rd quarter. CWM LLC now owns 2,045 shares of the utilities provider's stock worth $72,000 after purchasing an additional 824 shares during the last quarter. Finally, Byrne Asset Management LLC lifted its position in shares of Consolidated Water by 35.9% during the second quarter. Byrne Asset Management LLC now owns 2,254 shares of the utilities provider's stock worth $68,000 after purchasing an additional 595 shares during the last quarter. Hedge funds and other institutional investors own 55.16% of the company's stock.
Consolidated Water Company Profile
(
Get Free Report)
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.
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