Key Points
- Director Maria Elena Giner purchased 3,310 shares of Consolidated Water on March 19 at an average price of $30.24, spending $100,094.40 and now owning 3,310 shares, as disclosed in an SEC Form 4 filing.
- The company declared a quarterly dividend of $0.14 per share (annualized $0.56, yield 1.7%) payable April 30 to shareholders of record on April 1, with an ex-dividend date of April 1.
- Analysts have recently downgraded the stock—Weiss Ratings and Wall Street Zen moved CWCO to “hold”—though MarketBeat shows a consensus rating of “Moderate Buy” with an average target price of $40.00.
Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report) Director Maria Elena Giner purchased 3,310 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average price of $30.24 per share, for a total transaction of $100,094.40. Following the transaction, the director owned 3,310 shares of the company's stock, valued at $100,094.40. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Consolidated Water Stock Performance
Shares of Consolidated Water stock opened at $32.38 on Tuesday. The firm has a 50-day simple moving average of $36.38 and a two-hundred day simple moving average of $35.35. The company has a market cap of $516.78 million, a P/E ratio of 33.38 and a beta of 0.50. Consolidated Water Co. Ltd. has a fifty-two week low of $22.69 and a fifty-two week high of $39.12.
Consolidated Water Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 1st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, April 1st. Consolidated Water's payout ratio is currently 57.73%.
Analyst Ratings Changes
Several analysts have commented on the company. Weiss Ratings lowered Consolidated Water from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, March 17th. Wall Street Zen downgraded Consolidated Water from a "strong-buy" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Consolidated Water currently has a consensus rating of "Moderate Buy" and an average target price of $40.00.
Read Our Latest Report on CWCO
Institutional Trading of Consolidated Water
A number of institutional investors and hedge funds have recently modified their holdings of CWCO. Caitong International Asset Management Co. Ltd lifted its stake in Consolidated Water by 1,467.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 768 shares of the utilities provider's stock valued at $27,000 after buying an additional 719 shares in the last quarter. Quarry LP purchased a new stake in Consolidated Water during the 3rd quarter worth approximately $40,000. Tower Research Capital LLC TRC increased 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 worth $45,000 after buying an additional 1,165 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Consolidated Water during the fourth quarter valued at approximately $51,000. Finally, CWM LLC lifted its position in shares of Consolidated Water by 67.5% in the third quarter. CWM LLC now owns 2,045 shares of the utilities provider's stock valued at $72,000 after acquiring an additional 824 shares in the last quarter. Hedge funds and other institutional investors own 55.16% of the company's stock.
About Consolidated Water
(
Get Free Report)
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.
Further Reading
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