AltraVue Capital LLC Acquires 14,400 Shares of Consolidated Water Co. Ltd. $CWCO

AltraVue Capital LLC grew its holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 709,810 shares of the utilities provider’s stock after purchasing an additional 14,400 shares during the quarter. Consolidated Water comprises about 2.1% of AltraVue Capital LLC’s portfolio, making the stock its 20th biggest position. AltraVue Capital LLC owned approximately 4.46% of Consolidated Water worth $25,042,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CWCO. Vanguard Group Inc. lifted its stake in Consolidated Water by 1.5% in the third quarter. Vanguard Group Inc. now owns 966,950 shares of the utilities provider’s stock valued at $34,114,000 after buying an additional 13,951 shares during the period. JPMorgan Chase & Co. grew its position 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 worth $19,134,000 after buying an additional 101,434 shares during the period. Geode Capital Management LLC increased its stake in shares of Consolidated Water by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 433,685 shares of the utilities provider’s stock valued at $13,021,000 after acquiring an additional 4,711 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Consolidated Water by 8.3% during the 1st 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, Seizert Capital Partners LLC lifted its position in shares of Consolidated Water by 2.3% during the 2nd quarter. Seizert Capital Partners LLC now owns 153,975 shares of the utilities provider’s stock valued at $4,622,000 after acquiring an additional 3,419 shares during the period. Institutional investors and hedge funds own 55.16% of the company’s stock.

Analysts Set New Price Targets

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

Consolidated Water Stock Performance

Shares of CWCO opened at $38.10 on Wednesday. The firm has a market capitalization of $606.93 million, a P/E ratio of 39.28 and a beta of 0.50. Consolidated Water Co. Ltd. has a 52 week low of $22.69 and a 52 week high of $39.12. The stock has a 50 day moving average price of $36.85 and a two-hundred day moving average price of $35.26.

Consolidated Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.56 annualized dividend and a yield of 1.5%. Consolidated Water’s dividend payout ratio (DPR) is 57.73%.

About Consolidated Water

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.