Clarus Wealth Advisors acquired a new position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 16,984 shares of the utilities provider’s stock, valued at approximately $214,000.
A number of other institutional investors also recently bought and sold shares of CWCO. LSV Asset Management lifted its position in Consolidated Water by 31.7% during the 4th quarter. LSV Asset Management now owns 454,627 shares of the utilities provider’s stock worth $5,728,000 after acquiring an additional 109,327 shares during the period. Uniplan Investment Counsel Inc. lifted its position in Consolidated Water by 37.5% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 395,565 shares of the utilities provider’s stock worth $5,063,000 after acquiring an additional 107,871 shares during the period. First Manhattan Co. raised its stake in shares of Consolidated Water by 7.0% during the 4th quarter. First Manhattan Co. now owns 804,513 shares of the utilities provider’s stock worth $10,136,000 after buying an additional 52,600 shares in the last quarter. Icon Advisers Inc. Co. raised its stake in shares of Consolidated Water by 39.1% during the 3rd quarter. Icon Advisers Inc. Co. now owns 182,342 shares of the utilities provider’s stock worth $2,334,000 after buying an additional 51,300 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan raised its stake in shares of Consolidated Water by 125.0% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 90,000 shares of the utilities provider’s stock worth $1,152,000 after buying an additional 50,000 shares in the last quarter. 49.49% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on CWCO shares. TheStreet raised Consolidated Water from a “c+” rating to a “b-” rating in a research note on Friday, November 24th. Roth Capital set a $15.00 target price on Consolidated Water and gave the stock a “buy” rating in a research note on Monday, November 13th. Finally, Zacks Investment Research raised Consolidated Water from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th.
Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Thursday, November 9th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The business had revenue of $16.57 million for the quarter, compared to analysts’ expectations of $15.00 million. Consolidated Water had a return on equity of 5.28% and a net margin of 9.72%. analysts anticipate that Consolidated Water Co. Ltd. will post 0.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd were paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.74%. This is an increase from Consolidated Water’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, January 2nd. Consolidated Water’s dividend payout ratio is 82.93%.
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Consolidated Water Company Profile
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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