Consolidated Water (NASDAQ:CWCO) Shares Gap Down – What’s Next?

Consolidated Water Co. Ltd. (NASDAQ:CWCO) gapped down before the market opened on Tuesday . The stock had previously closed at $34.60, but opened at $32.35. Consolidated Water shares last traded at $31.8970, with a volume of 67,724 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on CWCO. Wall Street Zen raised shares of Consolidated Water from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Water in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $40.00.

Consolidated Water Price Performance

The stock has a market cap of $497.49 million, a P/E ratio of 32.22 and a beta of 0.50. The stock’s 50 day simple moving average is $36.82 and its two-hundred day simple moving average is $35.41.

Consolidated Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 1st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.8%. Consolidated Water’s dividend payout ratio is presently 57.73%.

Institutional Trading of Consolidated Water

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of Consolidated Water by 41.7% in the first quarter. AQR Capital Management LLC now owns 46,480 shares of the utilities provider’s stock valued at $1,138,000 after purchasing an additional 13,686 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Consolidated Water by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,418 shares of the utilities provider’s stock valued at $304,000 after buying an additional 798 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Consolidated Water by 8.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider’s stock valued at $4,189,000 after buying an additional 13,061 shares during the last quarter. Jane Street Group LLC bought a new stake in Consolidated Water in the 1st quarter valued at approximately $230,000. Finally, Strs Ohio acquired a new position in Consolidated Water during the 1st quarter worth approximately $130,000. 55.16% of the stock is currently owned by institutional investors.

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.