Truist Financial Corp lessened its stake in shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) by 28.3% during the third quarter, Holdings Channel reports. The fund owned 10,362 shares of the company’s stock after selling 4,098 shares during the quarter. Truist Financial Corp’s holdings in Evoqua Water Technologies were worth $343,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. US Bancorp DE raised its holdings in Evoqua Water Technologies by 3.1% during the second quarter. US Bancorp DE now owns 11,132 shares of the company’s stock worth $362,000 after buying an additional 337 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Evoqua Water Technologies by 9.2% during the second quarter. Nisa Investment Advisors LLC now owns 4,260 shares of the company’s stock worth $138,000 after buying an additional 360 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Evoqua Water Technologies by 2.3% during the first quarter. Gamco Investors INC. ET AL now owns 20,740 shares of the company’s stock worth $974,000 after buying an additional 468 shares during the last quarter. Jennison Associates LLC raised its holdings in Evoqua Water Technologies by 2.5% during the second quarter. Jennison Associates LLC now owns 20,068 shares of the company’s stock worth $652,000 after buying an additional 489 shares during the last quarter. Finally, FMR LLC raised its holdings in Evoqua Water Technologies by 0.5% during the second quarter. FMR LLC now owns 115,699 shares of the company’s stock worth $3,762,000 after buying an additional 619 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Evoqua Water Technologies Price Performance
AQUA opened at $47.89 on Thursday. The firm has a market cap of $5.84 billion, a P/E ratio of 82.57, a PEG ratio of 3.89 and a beta of 1.72. The firm has a 50-day moving average of $42.03 and a 200 day moving average of $38.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.24 and a current ratio of 1.72. Evoqua Water Technologies Corp. has a fifty-two week low of $30.44 and a fifty-two week high of $48.92.
Evoqua Water Technologies (NYSE:AQUA – Get Rating) last posted its quarterly earnings results on Tuesday, November 15th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.13. The company had revenue of $504.76 million during the quarter, compared to analyst estimates of $463.90 million. Evoqua Water Technologies had a net margin of 4.16% and a return on equity of 16.40%. On average, research analysts expect that Evoqua Water Technologies Corp. will post 0.81 EPS for the current year.
Analyst Ratings Changes
AQUA has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Evoqua Water Technologies from $37.00 to $45.00 in a research note on Wednesday, November 16th. Oppenheimer lowered 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 research note on Wednesday, November 16th. Robert W. Baird upped their target price on shares of Evoqua Water Technologies from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Tuesday. Royal Bank of Canada upped their target price on shares of Evoqua Water Technologies from $44.00 to $51.00 in a research note on Wednesday, November 16th. Finally, Stifel Nicolaus upped their target price on shares of Evoqua Water Technologies from $43.00 to $50.00 in a research note on Wednesday, November 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Evoqua Water Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $47.71.
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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