Allspring Global Investments Holdings LLC Has $1.79 Million Stock Position in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Allspring Global Investments Holdings LLC cut its holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,132 shares of the utilities provider’s stock after selling 2,109 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.32% of Consolidated Water worth $1,785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC acquired a new position in shares of Consolidated Water during the 3rd quarter valued at $29,000. AdvisorNet Financial Inc acquired a new position in shares of Consolidated Water during the fourth quarter valued at about $71,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Consolidated Water by 194.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,347 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 2,871 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Consolidated Water in the 3rd quarter valued at about $148,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Consolidated Water by 15,117.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,913 shares of the utilities provider’s stock valued at $225,000 after buying an additional 7,861 shares in the last quarter. 55.16% of the stock is currently owned by institutional investors.

Consolidated Water Trading Down 0.8 %

Shares of CWCO opened at $24.25 on Tuesday. The stock has a 50 day moving average of $28.02 and a 200 day moving average of $31.22. Consolidated Water Co. Ltd. has a 12 month low of $16.50 and a 12 month high of $38.29. The company has a market capitalization of $383.88 million, a price-to-earnings ratio of 16.28, a PEG ratio of 2.36 and a beta of 0.09.

Consolidated Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 1st will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, March 28th. Consolidated Water’s dividend payout ratio (DPR) is currently 25.50%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Consolidated Water from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.