JPMorgan Chase & Co. lifted its holdings in Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) by 371.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,190,251 shares of the company's stock after purchasing an additional 937,584 shares during the quarter. JPMorgan Chase & Co.'s holdings in Evoqua Water Technologies were worth $55,918,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of AQUA. Advisor Group Holdings Inc. grew its position in shares of Evoqua Water Technologies by 25.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 13,935 shares of the company's stock valued at $651,000 after purchasing an additional 2,833 shares during the period. ProShare Advisors LLC boosted its position in Evoqua Water Technologies by 70.4% during the 4th quarter. ProShare Advisors LLC now owns 25,280 shares of the company's stock worth $1,182,000 after acquiring an additional 10,445 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Evoqua Water Technologies by 3.1% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 27,617 shares of the company's stock worth $1,291,000 after acquiring an additional 834 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Evoqua Water Technologies during the 4th quarter worth approximately $216,000. Finally, Raymond James & Associates boosted its position in Evoqua Water Technologies by 23.3% during the 4th quarter. Raymond James & Associates now owns 171,083 shares of the company's stock worth $7,998,000 after acquiring an additional 32,301 shares during the last quarter. 93.40% of the stock is currently owned by institutional investors and hedge funds.
Get Evoqua Water Technologies alerts:Evoqua Water Technologies Stock Down 0.8 %
AQUA opened at $35.46 on Wednesday. Evoqua Water Technologies Corp. has a 1-year low of $30.44 and a 1-year high of $49.38. The stock's fifty day simple moving average is $35.98 and its 200 day simple moving average is $39.01. The company has a current ratio of 1.82, a quick ratio of 1.31 and a debt-to-equity ratio of 1.37. The stock has a market cap of $4.31 billion, a PE ratio of 75.45, a price-to-earnings-growth ratio of 3.35 and a beta of 1.77.
Analysts Set New Price Targets
AQUA has been the subject of a number of recent research reports. Credit Suisse Group upped their price target on Evoqua Water Technologies from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 3rd. Royal Bank of Canada reduced their price target on Evoqua Water Technologies from $45.00 to $44.00 and set an "outperform" rating for the company in a research report on Wednesday, August 3rd. TheStreet upgraded Evoqua Water Technologies from a "c+" rating to a "b" rating in a research note on Tuesday, August 16th. Finally, Stifel Nicolaus dropped their price objective on Evoqua Water Technologies from $55.00 to $43.00 in a research note on Wednesday, July 20th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $44.86.Evoqua Water Technologies Profile
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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.
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