Rhumbline Advisers Raises Stock Holdings in Evoqua Water Technologies Corp. (NYSE:AQUA)

Rhumbline Advisers raised its stake in shares of Evoqua Water Technologies Corp. (NYSE:AQUA) by 10.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 123,739 shares of the company’s stock after acquiring an additional 11,400 shares during the period. Rhumbline Advisers’ holdings in Evoqua Water Technologies were worth $3,254,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Evoqua Water Technologies by 16.1% during the 4th quarter. BlackRock Inc. now owns 8,518,101 shares of the company’s stock valued at $229,818,000 after buying an additional 1,182,837 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Evoqua Water Technologies by 14.7% during the 1st quarter. Victory Capital Management Inc. now owns 3,823,433 shares of the company’s stock valued at $100,556,000 after buying an additional 488,788 shares during the last quarter. New South Capital Management Inc. raised its stake in shares of Evoqua Water Technologies by 0.6% during the 4th quarter. New South Capital Management Inc. now owns 3,783,153 shares of the company’s stock valued at $102,069,000 after buying an additional 20,694 shares during the last quarter. FIL Ltd raised its stake in shares of Evoqua Water Technologies by 6.0% during the 4th quarter. FIL Ltd now owns 3,392,656 shares of the company’s stock valued at $91,534,000 after buying an additional 192,916 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its stake in shares of Evoqua Water Technologies by 268.5% during the 1st quarter. DAVENPORT & Co LLC now owns 2,974,905 shares of the company’s stock valued at $78,240,000 after buying an additional 2,167,608 shares during the last quarter. Institutional investors and hedge funds own 88.46% of the company’s stock.

AQUA has been the topic of a number of analyst reports. Credit Suisse Group raised their target price on Evoqua Water Technologies from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, May 6th. Berenberg Bank upgraded Evoqua Water Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $25.00 to $34.00 in a research report on Tuesday, March 23rd. Finally, Zacks Investment Research cut Evoqua Water Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 6th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $29.78.

In other news, EVP James M. Kohosek sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 6th. The stock was sold at an average price of $28.00, for a total transaction of $1,400,000.00. Following the transaction, the executive vice president now directly owns 121,603 shares in the company, valued at approximately $3,404,884. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Martin Lamb sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $26.84, for a total value of $1,476,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 183,813 shares of company stock worth $5,278,316. 4.39% of the stock is currently owned by insiders.

AQUA stock opened at $32.54 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.62 and a debt-to-equity ratio of 1.64. Evoqua Water Technologies Corp. has a 12-month low of $16.61 and a 12-month high of $33.31. The firm has a market cap of $3.90 billion, a PE ratio of 61.40 and a beta of 1.88. The business has a 50-day moving average price of $29.31.

Evoqua Water Technologies (NYSE:AQUA) last posted its quarterly earnings data on Wednesday, May 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Evoqua Water Technologies had a return on equity of 15.43% and a net margin of 4.58%. The company had revenue of $346.56 million for the quarter, compared to analysts’ expectations of $342.00 million. During the same period in the previous year, the firm posted $0.06 EPS. Evoqua Water Technologies’s revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Evoqua Water Technologies Corp. will post 0.63 earnings per share for the current fiscal year.

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 services for industrial, commercial, and municipal water treatment markets. It operates in two segments, Integrated Solutions and Services, and Applied Product Technologies.

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Institutional Ownership by Quarter for Evoqua Water Technologies (NYSE:AQUA)

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