Aqua America, Inc. (NYSE:WTR)‘s stock had its “hold” rating restated by investment analysts at Robert W. Baird in a report released on Wednesday, November 1st. They currently have a $32.00 price objective on the stock.
Several other analysts also recently commented on the stock. Boenning Scattergood restated a “buy” rating and set a $43.00 price objective on shares of Aqua America in a research report on Wednesday, November 1st. Wells Fargo & Company raised shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Thursday, October 19th. Zacks Investment Research cut shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Barclays PLC lifted their price objective on shares of Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, September 22nd. Finally, BidaskClub upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Aqua America has an average rating of “Buy” and a consensus price target of C$38.20.
Aqua America (WTR) opened at C$35.98 on Wednesday. The company has a market cap of $6,393.31, a PE ratio of 27.05, a PEG ratio of 4.18 and a beta of 0.57. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.48 and a current ratio of 0.55. Aqua America has a one year low of C$28.57 and a one year high of C$36.62.
Aqua America (NYSE:WTR) last posted its quarterly earnings results on Tuesday, October 31st. The company reported C$0.43 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.43. Aqua America had a net margin of 29.38% and a return on equity of 12.49%. The firm had revenue of C$215.01 million for the quarter, compared to analysts’ expectations of C$234.40 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. sell-side analysts predict that Aqua America will post 1.36 EPS for the current year.
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In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of C$34.46, for a total transaction of C$430,715.54. Following the sale, the insider now owns 80,604 shares of the company’s stock, valued at approximately C$2,777,613.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders bought 75,500 shares of company stock worth $11,325. Insiders own 0.25% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in WTR. JPMorgan Chase & Co. lifted its stake in shares of Aqua America by 15.6% in the 1st quarter. JPMorgan Chase & Co. now owns 147,052 shares of the company’s stock valued at $4,727,000 after purchasing an additional 19,842 shares during the period. OppenheimerFunds Inc. acquired a new position in Aqua America during the first quarter worth $211,000. Teachers Advisors LLC raised its position in Aqua America by 3.9% during the first quarter. Teachers Advisors LLC now owns 236,225 shares of the company’s stock worth $7,595,000 after acquiring an additional 8,765 shares during the period. Thrivent Financial For Lutherans raised its position in Aqua America by 10.4% during the first quarter. Thrivent Financial For Lutherans now owns 34,237 shares of the company’s stock worth $1,100,000 after acquiring an additional 3,230 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Aqua America by 15.6% during the first quarter. Dimensional Fund Advisors LP now owns 752,519 shares of the company’s stock worth $24,193,000 after acquiring an additional 101,689 shares during the period. 51.09% of the stock is currently owned by institutional investors and hedge funds.
Aqua America Company Profile
Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).
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