Cambridge Investment Research Advisors Inc. Sells 3,549 Shares of Aqua America Inc (NYSE:WTR)

Cambridge Investment Research Advisors Inc. cut its holdings in Aqua America Inc (NYSE:WTR) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,737 shares of the utilities provider’s stock after selling 3,549 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Aqua America were worth $1,186,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Pictet Asset Management Ltd. raised its position in Aqua America by 21.0% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,246,581 shares of the utilities provider’s stock worth $138,821,000 after purchasing an additional 735,706 shares during the period. Lord Abbett & CO. LLC bought a new stake in Aqua America in the 2nd quarter worth $17,807,000. Vanguard Group Inc. grew its holdings in Aqua America by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 17,208,005 shares of the utilities provider’s stock worth $573,026,000 after acquiring an additional 277,406 shares during the last quarter. Kennedy Capital Management Inc. grew its holdings in Aqua America by 159.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 383,442 shares of the utilities provider’s stock worth $12,769,000 after acquiring an additional 235,530 shares during the last quarter. Finally, Legacy Advisors LLC bought a new stake in Aqua America in the 3rd quarter worth $6,310,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

In other Aqua America news, VP David Smeltzer sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 71,397 shares of the company’s stock, valued at approximately $2,595,994.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert A. Rubin sold 12,499 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $34.46, for a total transaction of $430,715.54. Following the transaction, the insider now directly owns 80,604 shares of the company’s stock, valued at $2,777,613.84. The disclosure for this sale can be found here. Insiders purchased a total of 75,500 shares of company stock valued at $11,325 over the last quarter. 0.25% of the stock is owned by company insiders.

Aqua America Inc (NYSE:WTR) traded up $0.20 during mid-day trading on Thursday, reaching $37.83. 790,265 shares of the company traded hands, compared to its average volume of 549,328. The stock has a market cap of $6,645.63, a P/E ratio of 28.12, a PEG ratio of 4.34 and a beta of 0.59. Aqua America Inc has a 52 week low of $29.32 and a 52 week high of $38.20. 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 (NYSE:WTR) last released its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $234.40 million. During the same period last year, the business earned $0.41 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. analysts predict that Aqua America Inc will post 1.36 earnings per share for the current fiscal year.

The business also recently announced a dec 17 dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a $0.2047 dividend. This represents a yield of 2.3%. The ex-dividend date of this dividend was Thursday, November 16th. Aqua America’s dividend payout ratio (DPR) is presently 61.65%.

Several research firms recently commented on WTR. Wells Fargo & Company raised shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Thursday, October 19th. Barclays boosted their price objective on shares of Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Boenning Scattergood reaffirmed an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research report on Friday, August 25th. Finally, Zacks Investment Research lowered shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Aqua America currently has an average rating of “Buy” and a consensus target price of $38.20.

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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).

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

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