Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 2,410,000 shares, a decrease of 7.3% from the October 15th total of 2,600,000 shares. Based on an average daily trading volume, of 578,100 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.0% of the company’s stock are sold short.
Evoqua Water Technologies Trading Up 0.2 %
Shares of AQUA stock opened at $44.88 on Thursday. The firm has a market capitalization of $5.45 billion, a PE ratio of 95.49, a price-to-earnings-growth ratio of 3.22 and a beta of 1.72. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.31 and a current ratio of 1.82. Evoqua Water Technologies has a 1 year low of $30.44 and a 1 year high of $49.38. The stock has a fifty day moving average of $36.46 and a two-hundred day moving average of $36.03.
Institutional Trading of Evoqua Water Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Redmond Asset Management LLC lifted its position in Evoqua Water Technologies by 2.5% in the first quarter. Redmond Asset Management LLC now owns 10,648 shares of the company’s stock worth $500,000 after purchasing an additional 262 shares during the period. US Bancorp DE boosted its position in shares of Evoqua Water Technologies by 3.1% during the 2nd quarter. US Bancorp DE now owns 11,132 shares of the company’s stock valued at $362,000 after purchasing an additional 337 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Evoqua Water Technologies by 9.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,260 shares of the company’s stock worth $138,000 after purchasing an additional 360 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in Evoqua Water Technologies by 13.2% during the first quarter. Belpointe Asset Management LLC now owns 3,206 shares of the company’s stock valued at $151,000 after purchasing an additional 375 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in Evoqua Water Technologies by 2.2% during the third quarter. Amalgamated Bank now owns 19,036 shares of the company’s stock worth $630,000 after buying an additional 402 shares in the last quarter. 93.40% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on AQUA. TheStreet upgraded Evoqua Water Technologies from a “c+” rating to a “b” rating in a report on Tuesday, August 16th. Citigroup increased their target price on shares of Evoqua Water Technologies from $37.00 to $45.00 in a report on Wednesday. Royal Bank of Canada increased their target price on shares of Evoqua Water Technologies from $44.00 to $51.00 in a report on Wednesday. Credit Suisse Group increased their target price on shares of Evoqua Water Technologies from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Finally, Oppenheimer downgraded Evoqua Water Technologies from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Evoqua Water Technologies has an average rating of “Moderate Buy” and a consensus target price of $47.86.
About Evoqua Water Technologies
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 in two segments, Integrated Solutions and Services, and Applied Product Technologies.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Evoqua Water Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Evoqua Water Technologies wasn’t on the list.
While Evoqua Water Technologies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: news.google.com
