Raymond James & Associates cut its position in shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) by 17.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,783 shares of the company’s stock after selling 15,362 shares during the quarter. Raymond James & Associates owned approximately 0.06% of Evoqua Water Technologies worth $2,407,000 at the end of the most recent quarter.
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A number of other hedge funds and other institutional investors have also modified their holdings of AQUA. US Bancorp DE grew its holdings in shares of Evoqua Water Technologies by 73.5% during the first quarter. US Bancorp DE now owns 10,795 shares of the company’s stock worth $507,000 after buying an additional 4,573 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Evoqua Water Technologies in the first quarter valued at approximately $316,000. Cetera Advisor Networks LLC purchased a new stake in Evoqua Water Technologies in the first quarter valued at approximately $434,000. Bank of Montreal Can purchased a new stake in Evoqua Water Technologies in the first quarter valued at approximately $221,000. Finally, MetLife Investment Management LLC grew its holdings in Evoqua Water Technologies by 54.6% in the first quarter. MetLife Investment Management LLC now owns 61,851 shares of the company’s stock valued at $2,906,000 after purchasing an additional 21,841 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Evoqua Water Technologies Price Performance
AQUA opened at $41.03 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.72 and a debt-to-equity ratio of 1.22. Evoqua Water Technologies Corp. has a 52-week low of $30.44 and a 52-week high of $48.05. The company has a 50 day moving average of $41.73 and a two-hundred day moving average of $38.25. The company has a market cap of $5.00 billion, a P/E ratio of 70.74, a P/E/G ratio of 3.39 and a beta of 1.72.
Evoqua Water Technologies (NYSE:AQUA – Get Rating) last posted its earnings results on Tuesday, November 15th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.13. Evoqua Water Technologies had a net margin of 4.16% and a return on equity of 16.40%. The business had revenue of $504.76 million for the quarter, compared to analysts’ expectations of $463.90 million. On average, analysts expect that Evoqua Water Technologies Corp. will post 0.81 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Evoqua Water Technologies from $43.00 to $50.00 in a report on Wednesday, November 16th. Oppenheimer downgraded shares of Evoqua Water Technologies from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a report on Wednesday, November 16th. Citigroup boosted their target price on shares of Evoqua Water Technologies from $37.00 to $45.00 in a report on Wednesday, November 16th. The Goldman Sachs Group boosted their price objective on shares of Evoqua Water Technologies from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, November 16th. Finally, Royal Bank of Canada boosted their price objective on shares of Evoqua Water Technologies from $44.00 to $51.00 in a research note on Wednesday, November 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Evoqua Water Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $47.50.
Evoqua Water Technologies Company Profile
Evoqua Water Technologies Corp. provides water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and contract services for industrial, commercial, and municipal water treatment markets in the United States and internationally. It operates through two segments, Integrated Solutions and Services, and Applied Product Technologies.
See Also
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