Investment analysts at Robert W. Baird began coverage on shares of Aqua America Inc. (NYSE:WTR) in a report issued on Friday. The firm set a “neutral” rating on the stock.
A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. Barclays PLC cut their price objective 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 reissued an “underperform” rating and set a $27.00 price objective on shares of Aqua America in a research report on Wednesday, September 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Aqua America presently has an average rating of “Hold” and a consensus price target of $32.71.
Aqua America (NYSE:WTR) opened at 29.77 on Friday. The company has a market capitalization of $5.28 billion, a PE ratio of 25.44 and a beta of 0.43. The stock has a 50 day moving average of $30.44 and a 200-day moving average of $32.29. Aqua America has a 12-month low of $27.85 and a 12-month high of $35.83.
Aqua America (NYSE:WTR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. Aqua America had a return on equity of 13.05% and a net margin of 25.44%. The business had revenue of $203.88 million for the quarter, compared to analyst estimates of $209.61 million. During the same quarter in the previous year, the firm earned $0.32 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts expect that Aqua America will post $1.33 earnings per share for the current year.
In other Aqua America news, Director Richard H. Glanton sold 4,650 shares of Aqua America stock in a transaction dated 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 transaction, the director now directly owns 4,583 shares of the company’s stock, valued at approximately $142,989.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in WTR. Thompson Davis & CO. Inc. increased its position in Aqua America by 0.5% in the second quarter. Thompson Davis & CO. Inc. now owns 3,327 shares of the company’s stock valued at $119,000 after buying an additional 17 shares in the last quarter. Tuttle Tactical Management LLC boosted its position in shares of Aqua America by 0.5% in the second quarter. Tuttle Tactical Management LLC now owns 5,736 shares of the company’s stock valued at $197,000 after buying an additional 31 shares during the last quarter. Roffman Miller Associates Inc. PA boosted its position in shares of Aqua America by 0.9% in the second quarter. Roffman Miller Associates Inc. PA now owns 14,219 shares of the company’s stock valued at $507,000 after buying an additional 120 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Aqua America by 3.1% in the second quarter. Whittier Trust Co. now owns 3,952 shares of the company’s stock valued at $141,000 after buying an additional 120 shares during the last quarter. Finally, Murphy Capital Management Inc. boosted its position in shares of Aqua America by 1.3% in the second quarter. Murphy Capital Management Inc. now owns 11,262 shares of the company’s stock valued at $401,000 after buying an additional 150 shares during the last quarter. 47.76% of the stock is owned by institutional investors.
Aqua America Company Profile