Consolidated Water (NASDAQ:CWCO) Director Sells $28,930.00 in Stock

Key Points

• Director Raymond Whittaker sold 1,000 Consolidated Water shares at an average price of $28.93, totaling $28,930. The transaction reduced his direct ownership by 32.92% to 2,038 shares.
• CWCO recently reported quarterly EPS of $0.25, beating the $0.20 consensus estimate, while revenue of $32.87 million exceeded expectations. The company also declared a quarterly dividend of $0.14 per share, representing a 1.9% yield.
• Shares traded near $29.28, with analysts maintaining an overall “Hold” rating. Institutional investors own approximately 55.16% of the company.

Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report) Director Raymond Whittaker sold 1,000 shares of Consolidated Water stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $28.93, for a total value of $28,930.00. Following the sale, the director directly owned 2,038 shares in the company, valued at approximately $58,959.34. The trade was a 32.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Consolidated Water Price Performance

CWCO traded up $0.30 on Friday, reaching $29.28. The company's stock had a trading volume of 70,494 shares, compared to its average volume of 113,485. The stock has a market cap of $468.77 million, a price-to-earnings ratio of 35.28 and a beta of 0.52. 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 is $29.65 and its 200 day moving average is $31.59.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $32.87 million for the quarter, compared to the consensus estimate of $30.60 million. Consolidated Water had a return on equity of 7.23% and a net margin of 12.66%. As a group, research analysts forecast that Consolidated Water Co. Ltd. will post 0.95 earnings per share for the current fiscal year.

Consolidated Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.56 annualized dividend and a yield of 1.9%. Consolidated Water's dividend payout ratio is currently 67.47%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CWCO. AQR Capital Management LLC boosted its holdings in shares of Consolidated Water by 41.7% in the 1st quarter. AQR Capital Management LLC now owns 46,480 shares of the utilities provider's stock valued at $1,138,000 after buying an additional 13,686 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Consolidated Water by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,418 shares of the utilities provider's stock valued at $304,000 after buying an additional 798 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Consolidated Water by 8.3% during the first quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider's stock worth $4,189,000 after acquiring an additional 13,061 shares during the period. Jane Street Group LLC acquired a new stake in Consolidated Water during the first quarter worth about $230,000. Finally, Strs Ohio bought a new position in Consolidated Water in the first quarter worth about $130,000. 55.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Zacks Research raised shares of Consolidated Water from a "strong sell" rating to a "hold" rating in a report on Friday, August 28th. Weiss Ratings cut shares of Consolidated Water from a "hold (c+)" rating to a "hold (c)" rating in a research report 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

About Consolidated Water

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.

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