Cribstone Capital Management LLC maintained its stake in Aqua America, Inc. (NYSE:WTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,716 shares of the utilities provider’s stock at the end of the second quarter. Cribstone Capital Management LLC’s holdings in Aqua America were worth $290,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in WTR. Virginia Retirement Systems ET AL acquired a new stake in shares of Aqua America during the first quarter valued at approximately $919,000. First Manhattan Co. boosted its stake in shares of Aqua America by 2.4% in the first quarter. First Manhattan Co. now owns 364,473 shares of the utilities provider’s stock valued at $11,109,000 after buying an additional 8,612 shares during the last quarter. Rockland Trust Co. boosted its stake in shares of Aqua America by 6.1% in the first quarter. Rockland Trust Co. now owns 373,739 shares of the utilities provider’s stock valued at $12,016,000 after buying an additional 21,582 shares during the last quarter. CAPROCK Group Inc. boosted its stake in shares of Aqua America by 2.6% in the first quarter. CAPROCK Group Inc. now owns 7,722 shares of the utilities provider’s stock valued at $248,000 after buying an additional 194 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Aqua America by 13.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 69,171 shares of the utilities provider’s stock valued at $2,224,000 after buying an additional 8,265 shares during the last quarter. Institutional investors own 50.27% of the company’s stock.
Shares of Aqua America, Inc. (NYSE:WTR) traded up 0.77% during mid-day trading on Tuesday, reaching $32.92. 506,716 shares of the company’s stock traded hands. The firm’s 50-day moving average is $32.89 and its 200 day moving average is $31.58. Aqua America, Inc. has a one year low of $28.03 and a one year high of $34.86. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 25.23 and a beta of 0.53.
Aqua America (NYSE:WTR) last announced its earnings results on Wednesday, May 3rd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $187.79 million for the quarter. Aqua America had a return on equity of 12.62% and a net margin of 28.41%. Analysts predict that Aqua America, Inc. will post $1.36 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “Aqua America, Inc. (WTR) Stake Maintained by Cribstone Capital Management LLC” was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://stocknewstimes.com/2017/07/18/aqua-america-inc-wtr-stake-maintained-by-cribstone-capital-management-llc.html.
Several analysts have commented on WTR shares. BidaskClub cut shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research cut shares of Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, Northcoast Research started coverage on shares of Aqua America in a research note on Thursday, May 25th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $32.25.
In related news, COO Richard Scott Fox sold 5,750 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total transaction of $189,117.50. Following the completion of the sale, the chief operating officer now directly owns 18,788 shares of the company’s stock, valued at $617,937.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard H. Glanton sold 4,200 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $32.83, for a total value of $137,886.00. Following the sale, the director now directly owns 2,207 shares of the company’s stock, valued at $72,455.81. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
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).
Want to see what other hedge funds are holding WTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aqua America, Inc. (NYSE:WTR).
Receive News & Ratings for Aqua America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
