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

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

Consolidated Water Stock Performance

CWCO stock opened at $29.28 on Monday. The stock has a market capitalization 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 stock’s fifty day moving average is $29.64 and its two-hundred day moving average is $31.54.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings results on Monday, August 10th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. Consolidated Water had a net margin of 12.66% and a return on equity of 7.23%. The company had revenue of $32.87 million during the quarter, compared to the consensus estimate of $30.60 million. As a group, analysts predict 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. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 1st. Consolidated Water’s payout ratio is presently 67.47%.

Hedge Funds Weigh In On Consolidated Water

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Consolidated Water by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 966,950 shares of the utilities provider’s stock worth $34,114,000 after buying an additional 13,951 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Consolidated Water by 6.9% in the third quarter. Invesco Ltd. now owns 315,962 shares of the utilities provider’s stock valued at $11,147,000 after acquiring an additional 20,264 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Consolidated Water by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 293,593 shares of the utilities provider’s stock valued at $9,724,000 after acquiring an additional 3,210 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Consolidated Water by 8.3% during the first quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider’s stock valued at $4,189,000 after acquiring an additional 13,061 shares during the period. Finally, Inspire Investing LLC increased its stake in shares of Consolidated Water by 54.1% during the first quarter. Inspire Investing LLC now owns 52,813 shares of the utilities provider’s stock valued at $1,749,000 after acquiring an additional 18,550 shares during the period. Institutional investors own 55.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Consolidated Water from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research raised Consolidated Water from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Finally, Weiss Ratings cut Consolidated Water from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

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.