Janney Montgomery Scott LLC acquired a new position in shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,610 shares of the company’s stock, valued at approximately $420,000.
Several other institutional investors also recently bought and sold shares of AQUA. Macquarie Group Ltd. grew its stake in Evoqua Water Technologies by 27,503.6% during the second quarter. Macquarie Group Ltd. now owns 796,916 shares of the company’s stock worth $25,907,000 after buying an additional 794,029 shares during the period. Invesco Ltd. grew its stake in Evoqua Water Technologies by 10.5% during the first quarter. Invesco Ltd. now owns 7,540,421 shares of the company’s stock worth $354,248,000 after buying an additional 713,929 shares during the period. Federated Hermes Inc. grew its stake in Evoqua Water Technologies by 2,072.1% during the first quarter. Federated Hermes Inc. now owns 490,426 shares of the company’s stock worth $23,040,000 after buying an additional 467,848 shares during the period. BlackRock Inc. grew its stake in Evoqua Water Technologies by 3.2% during the first quarter. BlackRock Inc. now owns 14,342,255 shares of the company’s stock worth $673,798,000 after buying an additional 450,010 shares during the period. Finally, Royal Bank of Canada grew its stake in Evoqua Water Technologies by 24.8% during the first quarter. Royal Bank of Canada now owns 2,043,756 shares of the company’s stock worth $96,017,000 after buying an additional 406,186 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on AQUA shares. Robert W. Baird downgraded shares of Evoqua Water Technologies from an “outperform” rating to a “neutral” rating and set a $49.00 target price for the company. in a research note on Wednesday, February 1st. Stifel Nicolaus upped their target price on shares of Evoqua Water Technologies from $54.00 to $55.00 in a research note on Wednesday. Royal Bank of Canada downgraded shares of Evoqua Water Technologies from an “outperform” rating to a “sector performing” rating and decreased their target price for the company from $51.00 to $50.00 in a research note on Wednesday, February 1st. Finally, Citigroup upped their target price on shares of Evoqua Water Technologies from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, February 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Evoqua Water Technologies has an average rating of “Hold” and a consensus target price of $49.29.
Insiders Place Their Bets
In other Evoqua Water Technologies news, EVP Rodney Aulick sold 6,494 shares of the stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $50.35, for a total transaction of $326,972.90. Following the sale, the executive vice president now directly owns 127,001 shares of the company’s stock, valued at $6,394,500.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via the SEC website. 3.64% of the stock is owned by corporate insiders.
Evoqua Water Technologies Trading Up 1.8 %
AQUA opened at $51.52 on Friday. The stock has a market capitalization of $6.30 billion, a PE ratio of 83.10, a P/E/G ratio of 4.08 and a beta of 1.79. The firm’s fifty day moving average price is $48.43 and its 200 day moving average price is $44.78. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.78 and a quick ratio of 1.21. Evoqua Water Technologies Corp. has a 12-month low of $30.44 and a 12-month high of $51.68.
Evoqua Water Technologies (NYSE:AQUA – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $435.85 million for the quarter, compared to analysts’ expectations of $426.94 million. Evoqua Water Technologies has a net margin of 4.24% and a return on equity of 16.97%. As a group, research analysts expect that Evoqua Water Technologies Corp. will post 0.81 EPS for the current fiscal year.
About Evoqua Water Technologies
Evoqua Water Technologies Corp. is a holding company, which engages in the provision of water and wastewater treatment systems and technologies. It operates through the Integrated Solutions and Services and Applied Product Technologies segments. The Integrated Solutions and Services segment offers outsourced water services, capital equipment for process water and wastewater treatment, and preventive maintenance service contracts.
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