First National Trust Co. increased its stake in shares of Aqua America Inc. (NYSE:WTR) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 7,868 shares of the company’s stock after buying an additional 250 shares during the period. First National Trust Co.’s holdings in Aqua America were worth $281,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Benedict Financial Advisors Inc. boosted its position in Aqua America by 2.3% in the second quarter. Benedict Financial Advisors Inc. now owns 64,911 shares of the company’s stock valued at $2,291,000 after buying an additional 1,449 shares in the last quarter. NewSquare Capital LLC boosted its position in Aqua America by 0.4% in the second quarter. NewSquare Capital LLC now owns 191,718 shares of the company’s stock valued at $6,837,000 after buying an additional 781 shares in the last quarter. Bank of Montreal Can bought a new position in Aqua America during the second quarter valued at $2,769,000. Financial Architects Inc boosted its position in Aqua America by 4.6% in the second quarter. Financial Architects Inc now owns 35,203 shares of the company’s stock valued at $1,255,000 after buying an additional 1,551 shares in the last quarter. Finally, Independence Advisors LLC bought a new position in Aqua America during the second quarter valued at $1,835,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.
Aqua America Inc. (NYSE:WTR) traded down 0.85% during mid-day trading on Friday, hitting $29.11. 711,872 shares of the company traded hands. The firm has a market capitalization of $5.16 billion, a P/E ratio of 24.88 and a beta of 0.43. Aqua America Inc. has a one year low of $27.13 and a one year high of $35.83. The firm has a 50 day moving average of $30.68 and a 200 day moving average of $32.35.
Aqua America (NYSE:WTR) last released its earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.33. The firm had revenue of $203.88 million for the quarter, compared to analysts’ expectations of $209.61 million. Aqua America had a net margin of 25.44% and a return on equity of 13.05%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. Equities research analysts expect that Aqua America Inc. will post $1.33 earnings per share for the current fiscal year.
Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. Hilliard Lyons reaffirmed an “underperform” rating and set a $27.00 target price on shares of Aqua America in a report on Wednesday, September 14th. Finally, Barclays PLC lowered their target price on shares of Aqua America from $38.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.71.
In other Aqua America news, Director Richard H. Glanton sold 4,650 shares of the business’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $31.20, for a total value of $145,080.00. Following the transaction, the director now directly owns 4,583 shares in the company, valued at $142,989.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by company insiders.
Aqua America Company Profile
Aqua America, Inc is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It is the holding company for its subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources Inc and Aqua Infrastructure, LLC.
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