Exane Derivatives trimmed its stake in shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) by 38.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,638 shares of the company's stock after selling 3,575 shares during the quarter. Exane Derivatives' holdings in Evoqua Water Technologies were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV acquired a new stake in shares of Evoqua Water Technologies in the 4th quarter valued at approximately $82,536,000. Conestoga Capital Advisors LLC acquired a new stake in shares of Evoqua Water Technologies in the 1st quarter valued at approximately $61,313,000. JPMorgan Chase & Co. lifted its holdings in shares of Evoqua Water Technologies by 371.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,190,251 shares of the company's stock valued at $55,918,000 after buying an additional 937,584 shares during the period. Invesco Ltd. lifted its holdings in shares of Evoqua Water Technologies by 10.5% in the 1st quarter. Invesco Ltd. now owns 7,540,421 shares of the company's stock valued at $354,248,000 after buying an additional 713,929 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in shares of Evoqua Water Technologies by 45.9% in the 1st quarter. APG Asset Management N.V. now owns 1,872,600 shares of the company's stock valued at $79,068,000 after buying an additional 589,342 shares during the period. 93.40% of the stock is owned by institutional investors and hedge funds.
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AQUA has been the subject of several research analyst reports. Credit Suisse Group raised their price objective on Evoqua Water Technologies from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Wednesday, August 3rd. Royal Bank of Canada dropped their price objective on Evoqua Water Technologies from $45.00 to $44.00 and set an "outperform" rating for the company in a research note on Wednesday, August 3rd. Stifel Nicolaus dropped their price objective on Evoqua Water Technologies from $55.00 to $43.00 in a research note on Wednesday, July 20th. Finally, TheStreet raised Evoqua Water Technologies from a "c+" rating to a "b" rating in a research note on Tuesday, August 16th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Evoqua Water Technologies has a consensus rating of "Moderate Buy" and an average target price of $44.86.
Evoqua Water Technologies Stock Performance
Evoqua Water Technologies stock opened at $36.26 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.31 and a current ratio of 1.82. The stock has a fifty day moving average of $36.96 and a two-hundred day moving average of $38.30. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 77.15, a PEG ratio of 3.33 and a beta of 1.77. Evoqua Water Technologies Corp. has a fifty-two week low of $30.44 and a fifty-two week high of $49.38.Evoqua Water Technologies (NYSE:AQUA – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $439.33 million during the quarter, compared to the consensus estimate of $432.65 million. Evoqua Water Technologies had a return on equity of 14.06% and a net margin of 3.48%. On average, analysts anticipate that Evoqua Water Technologies Corp. will post 0.72 EPS for the current fiscal year.
About Evoqua Water Technologies
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Evoqua Water Technologies (AQUA)
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