Psagot Investment House Ltd. decreased its holdings in Aqua America, Inc. (NYSE:WTR) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,500 shares of the utilities provider’s stock after selling 11,000 shares during the period. Psagot Investment House Ltd.’s holdings in Aqua America were worth $2,681,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in WTR. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Aqua America by 10.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 431 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Aqua America by 20.8% in the 2nd quarter. IFP Advisors Inc now owns 4,701 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 809 shares during the last quarter. Barrett Asset Management LLC bought a new position in shares of Aqua America in the 2nd quarter valued at about $197,000. Huntington National Bank lifted its holdings in shares of Aqua America by 6.7% in the 2nd quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock valued at $199,000 after acquiring an additional 375 shares during the last quarter. Finally, National Asset Management Inc. bought a new position in shares of Aqua America in the 1st quarter valued at about $202,000. 51.02% of the stock is owned by hedge funds and other institutional investors.
In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.46, for a total value of $430,715.54. Following the transaction, the insider now directly owns 80,604 shares in the company, valued at approximately $2,777,613.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.
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Aqua America (NYSE:WTR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. Aqua America’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS.
A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 price target on shares of Aqua America in a report on Friday, August 25th. Barclays PLC increased their price target on shares of Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Finally, Boenning Scattergood reaffirmed an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Aqua America has a consensus rating of “Buy” and an average price target of $36.00.
About Aqua America
Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).
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