Maria Elena Giner Acquires 3,310 Shares of Consolidated Water (NASDAQ:CWCO) Stock

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Maria Elena Giner bought 3,310 shares of Consolidated Water stock in a transaction on Thursday, March 19th. The shares were purchased at an average cost of $30.24 per share, with a total value of $100,094.40. Following the completion of the purchase, the director directly owned 3,310 shares in the company, valued at $100,094.40. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Consolidated Water Trading Up 0.2%

NASDAQ CWCO opened at $32.46 on Wednesday. The company has a 50-day moving average price of $36.28 and a two-hundred day moving average price of $35.34. Consolidated Water Co. Ltd. has a 52 week low of $22.69 and a 52 week high of $39.12. The stock has a market cap of $518.06 million, a price-to-earnings ratio of 33.46 and a beta of 0.50.

Consolidated Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, April 1st. Consolidated Water’s payout ratio is 57.73%.

Institutional Investors Weigh In On Consolidated Water

A number of institutional investors and hedge funds have recently bought and sold shares of CWCO. Vanguard Group Inc. grew its stake in shares of Consolidated Water by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 966,950 shares of the utilities provider’s stock worth $34,114,000 after purchasing an additional 13,951 shares during the last quarter. AltraVue Capital LLC boosted its holdings in Consolidated Water by 2.1% during the third quarter. AltraVue Capital LLC now owns 709,810 shares of the utilities provider’s stock worth $25,042,000 after buying an additional 14,400 shares in the last quarter. JPMorgan Chase & Co. grew its position in Consolidated Water by 18.9% in the second 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 last quarter. Geode Capital Management LLC increased its holdings in shares of Consolidated Water by 1.1% in the second quarter. Geode Capital Management LLC now owns 433,685 shares of the utilities provider’s stock valued at $13,021,000 after buying an additional 4,711 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Consolidated Water by 6.9% in the third quarter. Invesco Ltd. now owns 315,962 shares of the utilities provider’s stock valued at $11,147,000 after buying an additional 20,264 shares in the last quarter. 55.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.