Smithfield Trust Co. maintained its stake in Aqua America Inc. (NYSE:WTR) during the second quarter, Holdings Channel reports. The institutional investor owned 27,100 shares of the company’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Aqua America were worth $966,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of WTR. Whittier Trust Co. increased its stake in Aqua America by 3.1% in the second quarter. Whittier Trust Co. now owns 3,952 shares of the company’s stock worth $141,000 after buying an additional 120 shares during the last quarter. Arcadia Investment Management Corp MI increased its stake in Aqua America by 5.1% in the second quarter. Arcadia Investment Management Corp MI now owns 4,150 shares of the company’s stock worth $148,000 after buying an additional 200 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in Aqua America during the second quarter worth approximately $206,000. Advisory Services Network LLC increased its stake in Aqua America by 2,449.8% in the second quarter. Advisory Services Network LLC now owns 6,859 shares of the company’s stock worth $245,000 after buying an additional 6,590 shares during the last quarter. Finally, BB&T Securities LLC purchased a new stake in Aqua America during the first quarter worth approximately $257,000. Institutional investors own 47.73% of the company’s stock.
Aqua America Inc. (NYSE:WTR) traded up 0.98% during trading on Tuesday, reaching $29.98. The company had a trading volume of 262,206 shares. Aqua America Inc. has a 52-week low of $28.05 and a 52-week high of $35.83. The company has a 50-day moving average price of $30.35 and a 200 day moving average price of $32.26. The stock has a market cap of $5.32 billion, a PE ratio of 25.62 and a beta of 0.43.
Aqua America (NYSE:WTR) last posted its earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. Aqua America had a return on equity of 13.05% and a net margin of 25.44%. The firm had revenue of $203.88 million for the quarter, compared to analysts’ expectations of $209.61 million. During the same period last year, the firm earned $0.32 EPS. The firm’s revenue was down .9% compared to the same quarter last year. On average, analysts anticipate that Aqua America Inc. will post $1.33 earnings per share for the current year.
WTR has been the topic of a number of research analyst reports. Barclays PLC decreased their target price on Aqua America from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 6th. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a report on Friday, September 2nd. Robert W. Baird initiated coverage on Aqua America in a report on Friday. They issued a “neutral” rating and a $32.00 price target for the company. Finally, Hilliard Lyons reissued an “underperform” rating and issued a $27.00 price target on shares of Aqua America in a report on Wednesday, September 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $32.43.
In other news, Director Richard H. Glanton sold 4,650 shares of Aqua America stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $31.20, for a total transaction of $145,080.00. Following the transaction, the director now directly owns 4,583 shares in the company, valued at approximately $142,989.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.
About Aqua America
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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