Wilmer Pergande Sells 1,053 Shares of Consolidated Water (NASDAQ:CWCO) Stock

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Wilmer Pergande sold 1,053 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $34.00, for a total transaction of $35,802.00. Following the completion of the transaction, the director owned 36,183 shares of the company’s stock, valued at $1,230,222. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Consolidated Water Stock Performance

NASDAQ CWCO opened at $34.22 on Friday. The stock has a market capitalization of $545.12 million, a P/E ratio of 35.28 and a beta of 0.50. The business’s fifty day moving average is $34.66 and its two-hundred day moving average is $31.94. Consolidated Water Co. Ltd. has a 1 year low of $22.69 and a 1 year high of $38.36.

Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings data on Monday, November 10th. The utilities provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.10. The firm had revenue of $35.12 million for the quarter, compared to analysts’ expectations of $32.90 million. Consolidated Water had a net margin of 12.90% and a return on equity of 7.95%. On average, research analysts forecast that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current year.

Consolidated Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, January 2nd. Consolidated Water’s dividend payout ratio is 57.73%.

Hedge Funds Weigh In On Consolidated Water

Hedge funds have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. bought a new stake in Consolidated Water in the first quarter valued at about $244,000. Federated Hermes Inc. lifted its holdings in Consolidated Water by 3.6% during the first quarter. Federated Hermes Inc. now owns 26,084 shares of the utilities provider’s stock worth $639,000 after acquiring an additional 904 shares in the last quarter. XTX Topco Ltd grew its stake in Consolidated Water by 83.3% in the first quarter. XTX Topco Ltd now owns 14,537 shares of the utilities provider’s stock valued at $356,000 after acquiring an additional 6,606 shares during the period. Raiffeisen Bank International AG raised its position in shares of Consolidated Water by 96.0% during the first quarter. Raiffeisen Bank International AG now owns 19,604 shares of the utilities provider’s stock worth $479,000 after purchasing an additional 9,604 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Consolidated Water during the 1st quarter valued at about $446,000. Institutional investors own 55.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CWCO shares. Wall Street Zen upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings upgraded shares of Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, Roth Capital boosted their target price on shares of Consolidated Water from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Two 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 a consensus target price of $40.00.

About Consolidated Water

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.