Consolidated Water (NASDAQ:CWCO) Director Raymond Whittaker Sells 1,000 Shares

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Raymond Whittaker sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $28.93, for a total value of $28,930.00. Following the transaction, the director owned 2,038 shares of the company’s stock, valued at $58,959.34. This represents a 32.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Consolidated Water Stock Performance

Shares of CWCO traded up $0.30 during midday trading on Friday, hitting $29.28. 70,494 shares of the stock traded hands, compared to its average volume of 113,485. Consolidated Water Co. Ltd. has a 1-year low of $28.17 and a 1-year high of $39.12. The business’s 50 day moving average price is $29.65 and its two-hundred day moving average price is $31.59. 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) last released its quarterly 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. Consolidated Water had a return on equity of 7.23% and a net margin of 12.66%.The company had revenue of $32.87 million during the quarter, compared to analysts’ expectations of $30.60 million. As a group, equities research analysts forecast that Consolidated Water Co. Ltd. will post 0.95 EPS for the current fiscal year.

Consolidated Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 1st will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 1st. Consolidated Water’s dividend payout ratio (DPR) is 67.47%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of Consolidated Water from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Weiss Ratings downgraded shares of Consolidated Water from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen lowered Consolidated Water from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Hedge Funds Weigh In On Consolidated Water

Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Consolidated Water by 1,467.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 768 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 719 shares during the period. Quarry LP acquired a new position in Consolidated Water in the 3rd quarter valued at approximately $40,000. Tower Research Capital LLC TRC increased its stake in Consolidated Water by 335.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider’s stock valued at $45,000 after buying an additional 1,165 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in Consolidated Water in the 4th quarter worth approximately $51,000. Finally, Meeder Asset Management Inc. purchased a new stake in Consolidated Water in the 1st quarter worth approximately $91,000. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Company Profile

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.