Quantbot Technologies LP Takes Position in American Water Works Company, Inc. (NYSE:AWK)

Quantbot Technologies LP acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,474 shares of the utilities provider’s stock, valued at approximately $1,677,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AWK. Sciencast Management LP purchased a new stake in shares of American Water Works during the 4th quarter valued at $507,000. Lee Danner & Bass Inc. acquired a new position in American Water Works during the 4th quarter valued at about $81,000. Blueshift Asset Management LLC purchased a new stake in American Water Works in the fourth quarter valued at about $250,000. Lingohr Asset Management GmbH acquired a new stake in American Water Works in the fourth quarter worth about $211,000. Finally, Magnetar Financial LLC purchased a new stake in shares of American Water Works during the fourth quarter worth about $1,613,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

NYSE:AWK opened at $139.71 on Tuesday. The firm’s fifty day moving average is $131.71 and its two-hundred day moving average is $134.41. The firm has a market cap of $27.24 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.80 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $152.07.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. Research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company lifted their price objective on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. Finally, StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average price target of $141.86.

American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.