The sell to buy ratio for Aqua America, Inc. (NYSE:WTR) over the past 12 months was at 0.22, pointing to bullish sentiments about the stock among corporate executives and directors. WTR recorded 0 sales transactions on the open market over the last 3 months with a sale of around shares. On the other hand, purchases amounted to 5,819 shares in that period. Looking at a longer time frame, the 52 week selling total stands at 28,678 shares when buyers snapped up 132,438 shares. The total signifies nearly a 0.22-to-1 sell/buy ratio.
On October 17, 2019, Aqua America, Inc. (NYSE:WTR) shares gained 2.05% or 0.93 points to close at $46.35 with a heavy trading volume of 1.379 million shares. It opened the trading session at $45.44, the shares rose to $46.39 and dropped to $45.44, the range by which the price of stock traded the whole day. The company now has a market cap of $9.99 billion and currently has 215.54 million outstanding shares. Aqua America, Inc. (WTR) stock has accumulated 5.51 percent of market value in 21 trading days.
WTR stock’s trailing 3-year beta is 0.33, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $0.76 share in the trailing 52 weeks. The stock’s value surged 35.57 percent year to date (YTD) compared to a rise of 24.9 percent in 52 week’s period. The firm’s shares are still trading 1.05 percent below its 1-year high of $45.87 and 44.44 percent up from 52-week low of $32.09. The average consensus ranking on the company is 2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Aqua America, Inc. (WTR) is most likely going to rise -3.28 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $70-month high price target. This represents a whopping 51.02 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $45, which means a return possibility of -2.91 percent in comparison with the closing price of the stock of $46.35 on October 17. The lowest price set for the stock is $37 — just above -20.17 percent from WTR share price now.
Past records have indicated that shares in Aqua America, Inc. declined on 22 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of WTR’s Q3 earnings on November 04. Analysts are predicting revenue to climb 24.4 percent to $281M in the financial third quarter, while EPS will soar by about -2.27 percent to $0.43 per share. In the last quarter, it earnings of $0.28 per share came worse than the $0.44876, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $205.75M, topping analysts’s expectations. Earnings are seen to rise by -21.2 percent this year, 12.57 percent in the coming year and the trend continues by 6.1 percent every year in the next 5 years.
Let’s take a glimpse at some insider activity at Aqua America, Inc. (NYSE:WTR) and observe the pattern. The earliest insider trade happened on 09/09/2019. Hilferty Daniel J III gathered a total of 1.15 thousand shares of the firm at average share price of $43.38. The total amount for the purchase was set at $49.97 thousand. On completing this exchange, the Director account balance was 9.87 thousand shares. The stock grew 4.7 percent from that insider purchase. On 08/15/2019, Hilferty Daniel J III, Director, did a purchase of 1.15 thousand shares at a price of $43.35 per share. This increased 49.98 thousand shares to the insider’s fortune and the stock experienced a 4.78 percent rally in price since the news became public. This exchange saw 8.72 thousand shares get into the Director account.
On 11/15/2018, Director Hilferty Daniel J III recorded a purchase transaction valued at $99.93 thousand. The purchase at $32.55 a share has added 3.07 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed 39.54 percent increase since the transaction reporting date. The company insider is left with 5.81 thousand shares remaining in the account. FOX RICHARD SCOTT, who works as COO at the company, performed a purchase of 3.1 thousand shares in a transaction worth $100.16 thousand. The acquisition recorded on 11/15/2018 was priced at $32.35 per share. The stock price soared 40.4 percent since the transaction. FOX RICHARD SCOTT currently holds a stake of 5.36 thousand in WTR stock which is worth $248.54 thousand after the insider buying.
The stock is lingering around the initial support level of $45.73. After this, the following support is at the zone of $45.11. Up until the time the WTR stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 66.14 on the daily chart, and this may be a cause for concern. In case the price goes below $45.11 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $46.68 level may cause a pull-back move approaching $47.01 mark.
Aqua America, Inc. (WTR) shares are trading at a P/E ratio of 58.2 times earnings posted in the trailing 12 months. The industry WTR deals with has an average P/E of 29.5. Its P/B ratio is standing at 2.6X compared to the 3.1 industry average. It is additionally sporting a 10.1 on the Price-to-Sales ratio, compared to the industry’s P/S average of 4.8.