Key Points
- Consolidated Water director Raymond Whittaker sold 1,000 shares at an average price of $28.93, generating $28,930 and reducing his ownership by 32.92% to 2,038 shares.
- CWCO shares opened at $29.28, near the lower end of their 52-week range of $28.17 to $39.12. The company recently exceeded quarterly earnings and revenue expectations, reporting EPS of $0.25 and revenue of $32.87 million.
- The company declared a quarterly dividend of $0.14 per share, equivalent to an annualized $0.56 dividend and a 1.9% yield. Analysts maintain a consensus “Hold” rating, while institutional investors own 55.16% of the stock.
Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report) Director Raymond Whittaker sold 1,000 shares of the firm's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $28.93, for a total transaction of $28,930.00. Following the sale, the director owned 2,038 shares in the company, valued at $58,959.34. The trade was a 32.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Consolidated Water Stock Performance
Shares of CWCO stock opened at $29.28 on Friday. The stock has a fifty day simple moving average of $29.64 and a two-hundred day simple moving average of $31.58. Consolidated Water Co. Ltd. has a 52-week low of $28.17 and a 52-week high of $39.12. The firm has a market capitalization of $468.77 million, a PE ratio of 35.28 and a beta of 0.52.
Consolidated Water (NASDAQ:CWCO - Get Free Report) last released its earnings results on Monday, August 10th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. The firm had revenue of $32.87 million during the quarter, compared to analysts' expectations of $30.60 million. Consolidated Water had a return on equity of 7.23% and a net margin of 12.66%. On average, sell-side analysts forecast that Consolidated Water Co. Ltd. will post 0.95 EPS for the current fiscal year.
Consolidated Water Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.9%. Consolidated Water's dividend payout ratio (DPR) is presently 67.47%.
Analyst Ratings Changes
CWCO has been the subject of several research analyst reports. Weiss Ratings cut shares of Consolidated Water from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, July 7th. Wall Street Zen lowered Consolidated Water from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, Zacks Research raised Consolidated Water from a "strong sell" rating to a "hold" rating in a report on Friday, August 28th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".
Check Out Our Latest Stock Report on Consolidated Water
Hedge Funds Weigh In On Consolidated Water
A number of institutional investors and hedge funds have recently made changes to their positions in CWCO. Oppenheimer & Co. Inc. increased its holdings in shares of Consolidated Water by 4.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 7,023 shares of the utilities provider's stock worth $248,000 after buying an additional 304 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Consolidated Water by 4.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,961 shares of the utilities provider's stock worth $387,000 after acquiring an additional 422 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Consolidated Water by 3.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 17,121 shares of the utilities provider's stock worth $604,000 after acquiring an additional 571 shares during the last quarter. State of Wyoming raised its position in Consolidated Water by 6.0% during the second quarter. State of Wyoming now owns 11,243 shares of the utilities provider's stock valued at $338,000 after purchasing an additional 632 shares during the period. Finally, Trexquant Investment LP raised its position in Consolidated Water by 1.4% during the fourth quarter. Trexquant Investment LP now owns 47,162 shares of the utilities provider's stock valued at $1,664,000 after purchasing an additional 650 shares during the period. 55.16% of the stock is owned by hedge funds and other institutional investors.
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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