Consolidated Water Co. (NASDAQ:CWCO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Consolidated Water Co. Ltd. intends to develop and operate seawater conversion plants and water distribution systems in areas of the world where naturally-occurring supplies of potable water are scarce or nonexistent. It currently operates a public water utility in certain areas of the Cayman Islands under a 20-year exclusive license from the Government of the Cayman Islands. The company has signed contracts for its first overseas operations in the Commonwealth of the Bahamas. (PRESS RELEASE) “

Consolidated Water (NASDAQ:CWCO) traded down 0.17% on Tuesday, reaching $11.92. The company’s stock had a trading volume of 26,876 shares. The firm has a market capitalization of $176.59 million, a price-to-earnings ratio of 23.10 and a beta of 0.85. Consolidated Water has a 52 week low of $10.23 and a 52 week high of $14.69. The company has a 50 day moving average of $12.61 and a 200 day moving average of $12.91.

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Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Consolidated Water had a return on equity of 5.01% and a net margin of 13.29%. On average, analysts forecast that Consolidated Water will post $0.60 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.30 annualized dividend and a yield of 2.52%. Consolidated Water’s dividend payout ratio (DPR) is currently 57.69%.

In related news, Director Richard Finlay purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, August 31st. The stock was acquired at an average cost of $12.73 per share, for a total transaction of $127,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.18% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Teton Advisors Inc. raised its stake in Consolidated Water by 1.5% in the second quarter. Teton Advisors Inc. now owns 66,000 shares of the company’s stock worth $862,000 after buying an additional 1,000 shares during the period. Emerald Acquisition Ltd. bought a new stake in Consolidated Water during the second quarter worth about $2,063,000. Shelton Capital Management raised its stake in Consolidated Water by 18.9% in the second quarter. Shelton Capital Management now owns 63,000 shares of the company’s stock worth $823,000 after buying an additional 10,000 shares during the period. Strs Ohio raised its stake in Consolidated Water by 60.0% in the second quarter. Strs Ohio now owns 44,400 shares of the company’s stock worth $579,000 after buying an additional 16,646 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Consolidated Water by 36.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 80,782 shares of the company’s stock worth $983,000 after buying an additional 21,679 shares during the period. Institutional investors and hedge funds own 45.55% of the company’s stock.

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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