Caldwell & Orkin Inc. Lowers Stake in Aqua America, Inc. (WTR)

Caldwell & Orkin Inc. cut its holdings in shares of Aqua America, Inc. (NYSE:WTR) by 49.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,300 shares of the utilities provider’s stock after selling 12,100 shares during the period. Caldwell & Orkin Inc.’s holdings in Aqua America were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Investment Centers of America Inc. lifted its position in Aqua America by 0.4% during the second quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 27 shares during the period. CAPROCK Group Inc. lifted its position in Aqua America by 0.4% during the second quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 30 shares during the period. Clear Harbor Asset Management LLC lifted its position in Aqua America by 0.6% during the second quarter. Clear Harbor Asset Management LLC now owns 26,618 shares of the utilities provider’s stock valued at $871,000 after purchasing an additional 150 shares during the period. Suntrust Banks Inc. lifted its position in Aqua America by 0.8% during the second quarter. Suntrust Banks Inc. now owns 18,574 shares of the utilities provider’s stock valued at $618,000 after purchasing an additional 154 shares during the period. Finally, ELCO Management Co. LLC lifted its position in Aqua America by 1.5% during the second quarter. ELCO Management Co. LLC now owns 11,056 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 166 shares during the period. Institutional investors own 51.09% of the company’s stock.

Aqua America, Inc. (NYSE WTR) traded down $0.37 during mid-day trading on Thursday, hitting $36.72. 544,900 shares of the stock were exchanged, compared to its average volume of 553,161. The stock has a market capitalization of $6,590.54, a PE ratio of 27.89, a P/E/G ratio of 4.31 and a beta of 0.57. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.01. Aqua America, Inc. has a twelve month low of $29.04 and a twelve month high of $37.30.

Aqua America (NYSE:WTR) last released its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Aqua America had a net margin of 29.38% and a return on equity of 12.49%. The business had revenue of $215.01 million during the quarter, compared to analysts’ expectations of $234.40 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. equities research analysts expect that Aqua America, Inc. will post 1.36 earnings per share for the current year.

The firm also recently disclosed a dec 17 dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a dividend of $0.2047 per share. The ex-dividend date is Thursday, November 16th. This represents a yield of 2.3%. Aqua America’s dividend payout ratio is presently 61.65%.

A number of brokerages have weighed in on WTR. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a research report on Wednesday, November 1st. Boenning Scattergood reiterated a “buy” rating and issued a $43.00 price objective on shares of Aqua America in a research report on Wednesday, November 1st. Wells Fargo & Company upgraded 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 report on Thursday, October 19th. Zacks Investment Research downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Barclays PLC upped their price objective on shares of Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, September 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $38.20.

In related news, VP David Smeltzer sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $36.36, for a total transaction of $363,600.00. Following the completion of the sale, the vice president now owns 71,397 shares of the company’s stock, valued at approximately $2,595,994.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert A. Rubin sold 12,499 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.46, for a total transaction of $430,715.54. Following the sale, the insider now directly owns 80,604 shares of the company’s stock, valued at approximately $2,777,613.84. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 75,500 shares of company stock valued at $11,325. 0.25% of the stock is owned by corporate insiders.

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About Aqua America

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).

Institutional Ownership by Quarter for Aqua America (NYSE:WTR)

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