Today, the CEO of Aqua America (WTR), Chris Franklin, bought shares of WTR for $835.3K.
This recent transaction increases Chris Franklin’s holding in the company by 21.37% to a total of $4.76 million. Following Chris Franklin’s last WTR Buy transaction on September 16, 2015, the stock climbed by 9.1%.
See today’s analyst top recommended stocks >>
Based on Aqua America’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $226 million and quarterly net profit of $78.22 million. In comparison, last year the company earned revenue of $215 million and had a net profit of $76.23 million. WTR’s market cap is $5.86B and the company has a P/E ratio of 23.56. Currently, Aqua America has an average volume of 1.65M.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $37.13, reflecting a 12.3% upside.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Aqua America, Inc. is a holding company, which engages in the provision of water and wastewater services. It supports a range of customers across Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, and Virginia.
