Consolidated Water (NASDAQ:CWCO) Director Maria Elena Giner Buys 3,310 Shares

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Maria Elena Giner bought 3,310 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of $30.24 per share, for a total transaction of $100,094.40. Following the transaction, the director owned 3,310 shares in the company, valued at $100,094.40. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Consolidated Water Trading Up 6.1%

Shares of Consolidated Water stock opened at $32.38 on Tuesday. The firm’s 50 day simple moving average is $36.38 and its two-hundred day simple moving average is $35.35. The firm has a market capitalization of $516.78 million, a price-to-earnings ratio of 33.38 and a beta of 0.50. Consolidated Water Co. Ltd. has a 12-month low of $22.69 and a 12-month high of $39.12.

Consolidated Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 1st will be paid a $0.14 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.7%. Consolidated Water’s dividend payout ratio (DPR) is 57.73%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CWCO shares. Wall Street Zen downgraded Consolidated Water from a “strong-buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut Consolidated Water from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in Consolidated Water by 18.9% during the second quarter. JPMorgan Chase & Co. now owns 637,378 shares of the utilities provider’s stock worth $19,134,000 after acquiring an additional 101,434 shares during the period. ArrowMark Colorado Holdings LLC lifted its holdings in Consolidated Water by 23.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 262,000 shares of the utilities provider’s stock valued at $9,243,000 after acquiring an additional 49,163 shares during the period. Principal Financial Group Inc. purchased a new stake in Consolidated Water in the 3rd quarter worth approximately $1,690,000. Renaissance Group LLC purchased a new stake in Consolidated Water in the 3rd quarter worth approximately $1,148,000. Finally, Teton Advisors LLC acquired a new stake in shares of Consolidated Water during the 3rd quarter worth approximately $1,147,000. Hedge funds and other institutional investors own 55.16% of the company’s stock.

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.