Consolidated Water (NASDAQ:CWCO) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $33.49 and traded as high as $37.28. Consolidated Water shares last traded at $37.03, with a volume of 68,491 shares changing hands.

Analyst Ratings Changes

CWCO has been the subject of several research reports. Wall Street Zen raised shares of Consolidated Water from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Weiss Ratings upgraded shares of Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $40.00.

Consolidated Water Stock Performance

The stock has a 50-day moving average price of $35.13 and a two-hundred day moving average price of $33.49. The stock has a market capitalization of $589.92 million, a PE ratio of 38.18 and a beta of 0.48.

Consolidated Water (NASDAQ:CWCO) last released its earnings results on Monday, November 10th. The utilities provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The company had revenue of $35.12 million for the quarter, compared to analysts’ expectations of $32.90 million. Consolidated Water had a net margin of 12.90% and a return on equity of 7.95%. As a group, equities analysts predict that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current year.

Consolidated Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 2nd will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, January 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. Consolidated Water’s payout ratio is 57.73%.

Insider Buying and Selling at Consolidated Water

In other news, Director Wilmer F. Pergande sold 4,299 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.75, for a total value of $145,091.25. Following the transaction, the director directly owned 31,884 shares in the company, valued at $1,076,085. The trade was a 11.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick W. Mctaggart sold 1,848 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $35.76, for a total value of $66,084.48. Following the sale, the chief executive officer owned 287,310 shares of the company’s stock, valued at $10,274,205.60. This represents a 0.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 7,200 shares of company stock valued at $246,978 in the last ninety days. 6.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Consolidated Water by 1.5% in the third 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. Kingstone Capital Partners Texas LLC bought a new stake in Consolidated Water in the 2nd quarter valued at $31,013,000. AltraVue Capital LLC lifted its stake in Consolidated Water by 2.1% in the 3rd quarter. AltraVue Capital LLC now owns 709,810 shares of the utilities provider’s stock worth $25,042,000 after purchasing an additional 14,400 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Consolidated Water by 18.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 637,378 shares of the utilities provider’s stock valued at $19,134,000 after purchasing an additional 101,434 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Consolidated Water by 1.1% during the second quarter. Geode Capital Management LLC now owns 433,685 shares of the utilities provider’s stock valued at $13,021,000 after purchasing an additional 4,711 shares in the last quarter. 55.16% of the stock is owned by hedge funds and other institutional investors.

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.