Principal Financial Group Inc. lessened its position in AquaVenture Holdings Ltd (NYSE:WAAS) by 38.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,000 shares of the company’s stock after selling 95,603 shares during the quarter. Principal Financial Group Inc. owned about 0.58% of AquaVenture worth $2,066,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WAAS. Vanguard Group Inc. raised its holdings in AquaVenture by 95.1% in the 1st quarter. Vanguard Group Inc. now owns 402,808 shares of the company’s stock worth $6,876,000 after acquiring an additional 196,300 shares during the period. Geode Capital Management LLC raised its holdings in AquaVenture by 16.3% in the 1st quarter. Geode Capital Management LLC now owns 77,711 shares of the company’s stock worth $1,326,000 after acquiring an additional 10,914 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in AquaVenture by 4.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 22,511 shares of the company’s stock worth $385,000 after acquiring an additional 1,026 shares during the period. First Trust Advisors LP bought a new position in AquaVenture in the 2nd quarter worth $2,652,000. Finally, Rhumbline Advisers bought a new position in AquaVenture in the 2nd quarter worth $182,000. Hedge funds and other institutional investors own 36.78% of the company’s stock.

AquaVenture Holdings Ltd (NYSE WAAS) traded up $0.02 during trading hours on Tuesday, hitting $15.21. 62,700 shares of the stock traded hands, compared to its average volume of 111,096. AquaVenture Holdings Ltd has a one year low of $10.87 and a one year high of $26.33. The company has a current ratio of 5.94, a quick ratio of 5.60 and a debt-to-equity ratio of 0.47.

AquaVenture (NYSE:WAAS) last posted its quarterly earnings data on Thursday, November 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.06). AquaVenture had a negative return on equity of 7.38% and a negative net margin of 22.56%. The company had revenue of $29.90 million for the quarter, compared to the consensus estimate of $30.63 million. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. research analysts expect that AquaVenture Holdings Ltd will post -0.97 earnings per share for the current year.

In related news, CEO Douglas R. Brown acquired 14,018 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were bought at an average price of $14.36 per share, for a total transaction of $201,298.48. Following the acquisition, the chief executive officer now owns 1,484,042 shares in the company, valued at approximately $21,310,843.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 55.90% of the company’s stock.

Several brokerages recently commented on WAAS. BidaskClub upgraded shares of AquaVenture from a “strong sell” rating to a “sell” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of AquaVenture from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. ValuEngine upgraded shares of AquaVenture from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Royal Bank of Canada restated a “buy” rating and set a $19.00 price objective on shares of AquaVenture in a report on Wednesday, October 11th. Finally, Citigroup restated a “buy” rating and set a $21.00 price objective (down previously from $24.00) on shares of AquaVenture in a report on Monday, October 9th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $22.00.

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About AquaVenture

AquaVenture Holdings Limited is a multinational provider of Water-as-a-Service solutions. The Company’s segments are Seven Seas Water and Quench. The Seven Seas Water segment provides outsourced desalination solutions and wastewater treatment for governmental, municipal, industrial and hospitality customers.

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Institutional Ownership by Quarter for AquaVenture (NYSE:WAAS)

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