Inspire Investing LLC Has $1.75 Million Stock Position in Consolidated Water Co. Ltd. $CWCO

Inspire Investing LLC lifted its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 54.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,813 shares of the utilities provider’s stock after purchasing an additional 18,550 shares during the quarter. Inspire Investing LLC’s holdings in Consolidated Water were worth $1,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CWCO. Caitong International Asset Management Co. Ltd raised its holdings in Consolidated Water by 1,467.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 768 shares of the utilities provider’s stock worth $27,000 after buying an additional 719 shares during the period. Quarry LP acquired a new stake in shares of Consolidated Water during the third quarter valued at approximately $40,000. Tower Research Capital LLC TRC raised its holdings in shares of Consolidated Water by 335.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 1,165 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Consolidated Water in the 4th quarter valued at approximately $51,000. Finally, State of Alaska Department of Revenue lifted its position in shares of Consolidated Water by 382.7% in the 4th quarter. State of Alaska Department of Revenue now owns 2,317 shares of the utilities provider’s stock valued at $80,000 after acquiring an additional 1,837 shares in the last quarter. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Consolidated Water Stock Up 0.6%

Consolidated Water stock opened at $29.50 on Wednesday. Consolidated Water Co. Ltd. has a 12 month low of $28.17 and a 12 month high of $39.12. The stock has a market cap of $472 million, a P/E ratio of 32.78 and a beta of 0.50. The company’s fifty day simple moving average is $30.63 and its 200-day simple moving average is $33.87.

Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings data on Monday, May 11th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Consolidated Water had a net margin of 13.50% and a return on equity of 7.81%. The firm had revenue of $29.97 million for the quarter, compared to analyst estimates of $31.90 million. On average, equities research analysts expect that Consolidated Water Co. Ltd. will post 0.94 earnings per share for the current fiscal year.

Consolidated Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 1st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 1st. Consolidated Water’s dividend payout ratio (DPR) is presently 62.22%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings lowered shares of Consolidated Water from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Zacks Research lowered Consolidated Water from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 31st. Finally, Wall Street Zen cut Consolidated Water from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.00.

Consolidated Water Company Profile

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.