Consolidated Water (NASDAQ:CWCO) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $34.24 and traded as high as $38.67. Consolidated Water shares last traded at $37.80, with a volume of 84,117 shares.

Wall Street Analyst Weigh In

CWCO has been the topic of a number of research reports. Wall Street Zen raised Consolidated Water from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Consolidated Water in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Consolidated Water currently has a consensus rating of “Buy” and an average price target of $40.00.

Consolidated Water Stock Down 1.4%

The firm’s fifty day moving average price is $35.93 and its 200-day moving average price is $34.24. The stock has a market cap of $602.15 million, a P/E ratio of 38.97 and a beta of 0.49.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings results on Monday, November 10th. The utilities provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.10. Consolidated Water had a net margin of 12.90% and a return on equity of 7.95%. The business had revenue of $35.12 million during the quarter, compared to analysts’ expectations of $32.90 million. Sell-side analysts predict that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current year.

Consolidated Water Announces Dividend

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

Insider Buying and Selling

In related news, Director Wilmer F. Pergande sold 4,299 shares of Consolidated Water stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.75, for a total value of $145,091.25. Following the sale, the director 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick W. Mctaggart sold 1,848 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $35.76, for a total transaction of $66,084.48. Following the transaction, the chief executive officer directly owned 287,310 shares in the company, valued at approximately $10,274,205.60. The trade was a 0.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have 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 corporate insiders.

Institutional Investors Weigh In On Consolidated Water

Several institutional investors and hedge funds have recently modified their holdings of CWCO. Seizert Capital Partners LLC increased its position in shares of Consolidated Water by 3.4% during the fourth quarter. Seizert Capital Partners LLC now owns 156,289 shares of the utilities provider’s stock valued at $5,515,000 after buying an additional 5,137 shares during the period. Oppenheimer & Co. Inc. boosted its position in Consolidated Water by 4.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 7,023 shares of the utilities provider’s stock valued at $248,000 after acquiring an additional 304 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Consolidated Water by 382.7% during the 4th quarter. State of Alaska Department of Revenue now owns 2,317 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 1,837 shares during the period. Perigon Wealth Management LLC purchased a new position in shares of Consolidated Water during the 4th quarter worth approximately $279,000. Finally, Ellsworth Advisors LLC raised its position in shares of Consolidated Water by 2.6% in the 4th quarter. Ellsworth Advisors LLC now owns 23,557 shares of the utilities provider’s stock worth $885,000 after acquiring an additional 607 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.