Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $16.50 for the company and are anticipating that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water an industry rank of 91 out of 255 based on the ratings given to its competitors.
CWCO has been the subject of several recent research reports. ValuEngine lowered Consolidated Water from a “buy” rating to a “hold” rating in a research report on Sunday, February 10th. Zacks Investment Research lowered Consolidated Water from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 1st will be issued a $0.085 dividend. The ex-dividend date is Friday, March 29th. This represents a $0.34 annualized dividend and a yield of 2.71%. Consolidated Water’s payout ratio is 50.00%.
In other Consolidated Water news, Director Clarence B. Flowers sold 7,393 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $12.54, for a total transaction of $92,708.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wilmer F. Pergande sold 2,383 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $12.78, for a total value of $30,454.74. Following the sale, the director now owns 27,580 shares of the company’s stock, valued at $352,472.40. The disclosure for this sale can be found here. Insiders sold a total of 17,237 shares of company stock valued at $223,560 over the last quarter. 2.53% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. grew its stake in shares of Consolidated Water by 8.4% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,147,381 shares of the utilities provider’s stock valued at $13,379,000 after purchasing an additional 89,192 shares during the period. BlackRock Inc. grew its stake in shares of Consolidated Water by 3.8% during the 4th quarter. BlackRock Inc. now owns 836,911 shares of the utilities provider’s stock valued at $9,758,000 after purchasing an additional 30,836 shares during the period. Morgan Stanley grew its stake in shares of Consolidated Water by 1.0% during the 3rd quarter. Morgan Stanley now owns 723,082 shares of the utilities provider’s stock valued at $10,014,000 after purchasing an additional 6,815 shares during the period. Renaissance Technologies LLC grew its stake in shares of Consolidated Water by 1.9% during the 3rd quarter. Renaissance Technologies LLC now owns 385,303 shares of the utilities provider’s stock valued at $5,336,000 after purchasing an additional 7,203 shares during the period. Finally, Icon Advisers Inc. Co. grew its stake in shares of Consolidated Water by 45.4% during the 4th quarter. Icon Advisers Inc. Co. now owns 115,700 shares of the utilities provider’s stock valued at $1,349,000 after purchasing an additional 36,100 shares during the period. Institutional investors and hedge funds own 53.91% of the company’s stock.
About Consolidated Water
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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