Bell Rock Capital LLC Purchases 1,002 Shares of Aqua America Inc (WTR)

Bell Rock Capital LLC lifted its position in shares of Aqua America Inc (NYSE:WTR) by 308.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,327 shares of the utilities provider’s stock after purchasing an additional 1,002 shares during the period. Bell Rock Capital LLC’s holdings in Aqua America were worth $45,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Aqua America by 8.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 252,415 shares of the utilities provider’s stock worth $8,630,000 after purchasing an additional 19,319 shares in the last quarter. CWM LLC lifted its position in shares of Aqua America by 606.8% during the fourth quarter. CWM LLC now owns 67,948 shares of the utilities provider’s stock worth $2,323,000 after purchasing an additional 58,334 shares in the last quarter. First Command Financial Services Inc. acquired a new position in shares of Aqua America during the fourth quarter worth $46,000. Jackson Wealth Management LLC lifted its position in shares of Aqua America by 15.1% during the fourth quarter. Jackson Wealth Management LLC now owns 14,529 shares of the utilities provider’s stock worth $482,000 after purchasing an additional 1,909 shares in the last quarter. Finally, Cambiar Investors LLC lifted its position in shares of Aqua America by 1.4% during the fourth quarter. Cambiar Investors LLC now owns 129,792 shares of the utilities provider’s stock worth $4,438,000 after purchasing an additional 1,842 shares in the last quarter. 54.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:WTR opened at $34.20 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.52 and a quick ratio of 0.46. The firm has a market capitalization of $6.04 billion, a P/E ratio of 24.96, a P/E/G ratio of 4.28 and a beta of 0.47. Aqua America Inc has a 12-month low of $32.09 and a 12-month high of $38.24.

Aqua America (NYSE:WTR) last issued its quarterly earnings results on Monday, November 5th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $226.10 million during the quarter, compared to analyst estimates of $238.86 million. Aqua America had a net margin of 29.81% and a return on equity of 12.64%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Equities research analysts predict that Aqua America Inc will post 1.41 earnings per share for the current year.

A number of research firms have recently commented on WTR. Robert W. Baird raised shares of Aqua America from a “neutral” rating to an “outperform” rating and set a $39.00 target price on the stock in a research report on Thursday, December 6th. Wells Fargo & Co set a $35.00 target price on shares of Aqua America and gave the stock a “hold” rating in a research report on Tuesday, November 6th. Boenning Scattergood reissued a “buy” rating and set a $43.00 target price on shares of Aqua America in a research report on Tuesday, November 6th. ValuEngine cut shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. Finally, Macquarie set a $35.00 target price on shares of Aqua America and gave the stock a “hold” rating in a research report on Thursday, October 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Aqua America presently has a consensus rating of “Hold” and an average target price of $37.50.

In related news, COO Richard Scott Fox purchased 3,096 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was acquired at an average price of $32.35 per share, for a total transaction of $100,155.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chris Franklin purchased 25,421 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was bought at an average price of $32.86 per share, with a total value of $835,334.06. Following the purchase, the chief executive officer now owns 144,368 shares of the company’s stock, valued at approximately $4,743,932.48. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 34,637 shares of company stock valued at $1,135,946. Insiders own 0.24% of the company’s stock.

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About Aqua America

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.

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