Fenimore Asset Management Inc. Sells 216,722 Shares of Aqua America Inc. (WTR)
Fenimore Asset Management Inc. lowered its position in shares of Aqua America Inc. (NYSE:WTR) by 25.0% during the third quarter, Holdings Channel reports. The institutional investor owned 651,323 shares of the company’s stock after selling 216,722 shares during the period. Fenimore Asset Management Inc.’s holdings in Aqua America were worth $19,852,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMP Capital Investors Ltd increased its position in Aqua America by 22.3% in the first quarter. AMP Capital Investors Ltd now owns 73,019 shares of the company’s stock worth $2,333,000 after buying an additional 13,307 shares in the last quarter. Nuveen Asset Management LLC increased its position in Aqua America by 598.1% in the first quarter. Nuveen Asset Management LLC now owns 499,314 shares of the company’s stock worth $15,888,000 after buying an additional 427,794 shares in the last quarter. Hancock Holding Co. purchased a new position in Aqua America during the first quarter worth approximately $2,435,000. Geode Capital Management LLC increased its position in Aqua America by 3.3% in the first quarter. Geode Capital Management LLC now owns 1,119,225 shares of the company’s stock worth $35,613,000 after buying an additional 36,235 shares in the last quarter. Finally, UBS Group AG increased its position in Aqua America by 16.4% in the first quarter. UBS Group AG now owns 390,164 shares of the company’s stock worth $12,415,000 after buying an additional 54,968 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.
Shares of Aqua America Inc. (NYSE:WTR) opened at 29.52 on Thursday. The stock’s 50 day moving average price is $30.49 and its 200 day moving average price is $32.30. Aqua America Inc. has a 52-week low of $27.26 and a 52-week high of $35.83. The company has a market capitalization of $5.23 billion, a P/E ratio of 25.23 and a beta of 0.43.
Aqua America (NYSE:WTR) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. The business earned $203.88 million during the quarter, compared to analysts’ expectations of $209.61 million. Aqua America had a return on equity of 13.05% and a net margin of 25.44%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. On average, equities research analysts forecast that Aqua America Inc. will post $1.33 earnings per share for the current fiscal year.
A number of research firms have recently commented on WTR. Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Barclays PLC lowered their price target on Aqua America from $38.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 6th. Finally, Hilliard Lyons restated an “underperform” rating and issued a $27.00 price target on shares of Aqua America in a research report on Wednesday, September 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $32.71.
In other news, Director Richard H. Glanton sold 4,650 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $31.20, for a total value of $145,080.00. Following the completion of the sale, the director now directly owns 4,583 shares in the company, valued at $142,989.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.
About Aqua America
Aqua America, Inc is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It is the holding company for its subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources Inc and Aqua Infrastructure, LLC.
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