Robecosam AG increased its stake in shares of Aqua America, Inc. (NYSE:WTR) by 41.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 172,332 shares of the utilities provider’s stock after purchasing an additional 50,152 shares during the period. Robecosam AG owned 0.10% of Aqua America worth $5,747,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Boulegeris Investments Inc. raised its holdings in shares of Aqua America by 24.1% in the 2nd quarter. Boulegeris Investments Inc. now owns 17,754 shares of the utilities provider’s stock valued at $591,000 after acquiring an additional 3,450 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Aqua America by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 1,397,830 shares of the utilities provider’s stock valued at $44,940,000 after acquiring an additional 95,204 shares in the last quarter. Blair William & Co. IL purchased a new stake in shares of Aqua America in the 2nd quarter valued at about $832,000. Baillie Gifford & Co. raised its holdings in shares of Aqua America by 1.3% in the 2nd quarter. Baillie Gifford & Co. now owns 397,525 shares of the utilities provider’s stock valued at $13,237,000 after acquiring an additional 5,207 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Aqua America by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 16,930,599 shares of the utilities provider’s stock valued at $544,318,000 after acquiring an additional 1,095,878 shares in the last quarter. 51.02% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $34.46, for a total value of $430,715.54. Following the sale, the insider now directly owns 80,604 shares in the company, valued at $2,777,613.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by insiders.
Several analysts have weighed in on WTR shares. Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 price target on shares of Aqua America in a report on Friday, August 25th. BidaskClub cut Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Barclays PLC raised their price target on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Zacks Investment Research raised Aqua America from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Tuesday, October 3rd. Finally, Boenning Scattergood reaffirmed an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $36.00.
Aqua America, Inc. (WTR) traded up 0.54% during mid-day trading on Friday, hitting $35.09. The company’s stock had a trading volume of 72,867 shares. The stock has a market cap of $6.23 billion, a P/E ratio of 26.79 and a beta of 0.54. Aqua America, Inc. has a 52-week low of $28.03 and a 52-week high of $35.15. The company’s 50 day moving average is $33.87 and its 200-day moving average is $33.18.
Aqua America (NYSE:WTR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $203.40 million for the quarter, compared to the consensus estimate of $208.28 million. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. On average, equities analysts predict that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.
About Aqua America
Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).
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