UBS Asset Management Americas Inc. raised its stake in American States Water Co. (NYSE:AWR) by 35.4% during the second quarter, Holdings Channel reports. The institutional investor owned 27,143 shares of the company’s stock after buying an additional 7,092 shares during the period. UBS Asset Management Americas Inc. owned 0.07% of American States Water worth $1,190,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. GW Henssler & Associates Ltd. acquired a new stake in shares of American States Water during the second quarter valued at about $206,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of American States Water during the second quarter valued at about $245,000. Quantbot Technologies LP increased its stake in shares of American States Water by 5.8% in the second quarter. Quantbot Technologies LP now owns 6,847 shares of the company’s stock valued at $300,000 after buying an additional 374 shares in the last quarter. Princeton Alpha Management LP acquired a new stake in shares of American States Water during the second quarter valued at about $331,000. Finally, HL Financial Services LLC increased its stake in shares of American States Water by 9.6% in the second quarter. HL Financial Services LLC now owns 8,168 shares of the company’s stock valued at $358,000 after buying an additional 715 shares in the last quarter. 63.65% of the stock is owned by hedge funds and other institutional investors.
American States Water Co. (NYSE:AWR) opened at 38.33 on Friday. American States Water Co. has a 12 month low of $37.28 and a 12 month high of $47.24. The firm has a 50-day moving average price of $39.23 and a 200 day moving average price of $40.67. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 23.82 and a beta of 0.35.
American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. American States Water had a return on equity of 12.76% and a net margin of 13.28%. The company earned $111.95 million during the quarter, compared to analysts’ expectations of $113.01 million. During the same period in the prior year, the company earned $0.41 EPS. American States Water’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts forecast that American States Water Co. will post $1.63 EPS for the current year.
Several research analysts have weighed in on the company. Zacks Investment Research raised American States Water from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Janney Montgomery Scott raised American States Water from a “sell” rating to a “neutral” rating and upped their target price for the stock from $35.00 to $39.00 in a research report on Friday, August 5th. Finally, Barclays PLC dropped their target price on American States Water from $44.00 to $39.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 6th.
In related news, Director Diana M. Bonta sold 980 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $39.62, for a total value of $38,827.60. Following the completion of the sale, the director now directly owns 23,972 shares in the company, valued at $949,770.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne M. Holloway sold 986 shares of the stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $40.01, for a total value of $39,449.86. Following the completion of the sale, the director now owns 41,583 shares of the company’s stock, valued at $1,663,735.83. The disclosure for this sale can be found here. 1.43% of the stock is owned by insiders.
American States Water Company Profile
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as various subsidiaries of ASUS. The Company’s segments include water, electric and contracted services. Within the segments, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries.
Want to see what other hedge funds are holding AWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American States Water Co. (NYSE:AWR).
Receive News & Ratings for American States Water Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American States Water Co. and related companies with MarketBeat.com's FREE daily email newsletter.