Truist Financial Corp decreased its holdings in shares of Evoqua Water Technologies Corp. (NYSE:AQUA) by 17.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,110 shares of the company’s stock after selling 10,255 shares during the period. Truist Financial Corp’s holdings in Evoqua Water Technologies were worth $1,770,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. UBS Asset Management Americas Inc. increased its position in shares of Evoqua Water Technologies by 22.0% during the second quarter. UBS Asset Management Americas Inc. now owns 2,415,951 shares of the company’s stock valued at $81,611,000 after acquiring an additional 435,900 shares in the last quarter. State Street Corp increased its position in shares of Evoqua Water Technologies by 5.5% during the second quarter. State Street Corp now owns 2,389,841 shares of the company’s stock valued at $80,729,000 after acquiring an additional 124,318 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Evoqua Water Technologies by 3.7% during the second quarter. Geode Capital Management LLC now owns 1,990,843 shares of the company’s stock valued at $67,250,000 after acquiring an additional 70,923 shares in the last quarter. Alyeska Investment Group L.P. grew its position in Evoqua Water Technologies by 12.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,396,726 shares of the company’s stock worth $47,181,000 after purchasing an additional 154,358 shares during the period. Finally, Amundi bought a new stake in Evoqua Water Technologies in the 2nd quarter worth approximately $43,975,000. 92.04% of the stock is owned by institutional investors.
A number of equities research analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Evoqua Water Technologies from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 17th. Raymond James cut shares of Evoqua Water Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 4th. Royal Bank of Canada lifted their price target on shares of Evoqua Water Technologies from $44.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 17th. Credit Suisse Group lifted their price target on shares of Evoqua Water Technologies from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 17th. Finally, Oppenheimer assumed coverage on shares of Evoqua Water Technologies in a research note on Tuesday, November 2nd. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Evoqua Water Technologies presently has an average rating of “Buy” and a consensus price target of $45.50.
AQUA opened at $38.62 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.67. Evoqua Water Technologies Corp. has a fifty-two week low of $22.00 and a fifty-two week high of $49.38. The firm’s fifty day moving average is $45.41 and its 200 day moving average is $40.05. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 91.95, a price-to-earnings-growth ratio of 3.87 and a beta of 1.84.
Evoqua Water Technologies (NYSE:AQUA) last announced its quarterly earnings results on Tuesday, November 16th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $425.90 million for the quarter, compared to analysts’ expectations of $414.20 million. Evoqua Water Technologies had a net margin of 3.52% and a return on equity of 12.89%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 EPS. On average, equities research analysts predict that Evoqua Water Technologies Corp. will post 0.67 earnings per share for the current year.
Evoqua Water Technologies Profile
Evoqua Water Technologies Corp. is a holding company, which engages in the provision of water treatment solutions. It operates through the Integrated Solutions and Services and Applied Product Technologies segments. The Integrated Solutions and Services segment offers tailored services and solutions in collaboration with the customers backed by life-cycle services including on-demand water, outsourced water, recycle or reuse, and emergency response service alternatives to improve operational reliability, performance, and environmental compliance.
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