Evoqua Water Technologies Corp. (NYSE:AQUA) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) have earned an average recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $50.00.

A number of equities analysts have issued reports on AQUA shares. Zacks Investment Research raised shares of Evoqua Water Technologies from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Tuesday, April 5th. Oppenheimer raised shares of Evoqua Water Technologies from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Thursday, January 20th. Finally, Raymond James lowered shares of Evoqua Water Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 4th.

Shares of AQUA stock opened at $42.00 on Thursday. The business has a fifty day moving average of $43.99 and a 200 day moving average of $43.53. Evoqua Water Technologies has a 1 year low of $27.05 and a 1 year high of $49.38. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.71 and a quick ratio of 1.27. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 100.00, a price-to-earnings-growth ratio of 3.91 and a beta of 1.82.

Evoqua Water Technologies (NYSE:AQUA – Get Rating) last announced its quarterly earnings data on Tuesday, February 1st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Evoqua Water Technologies had a return on equity of 13.03% and a net margin of 3.38%. The business had revenue of $366.30 million for the quarter, compared to analyst estimates of $349.53 million. During the same period in the prior year, the company earned $0.05 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. As a group, equities research analysts expect that Evoqua Water Technologies will post 0.75 earnings per share for the current year.

In other Evoqua Water Technologies news, Director Nick Bhambri sold 87,641 shares of the stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $45.08, for a total transaction of $3,950,856.28. Following the transaction, the director now owns 23,765 shares in the company, valued at $1,071,326.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Herve Fages sold 40,991 shares of the business’s stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $43.10, for a total value of $1,766,712.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 228,632 shares of company stock valued at $9,919,568. Company insiders own 3.79% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AQUA. Liontrust Investment Partners LLP increased its stake in shares of Evoqua Water Technologies by 93.2% during the fourth quarter. Liontrust Investment Partners LLP now owns 85,000 shares of the company’s stock worth $3,974,000 after purchasing an additional 41,000 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Evoqua Water Technologies by 0.9% in the 3rd quarter. California State Teachers Retirement System now owns 160,818 shares of the company’s stock worth $6,040,000 after buying an additional 1,377 shares during the last quarter. Nvwm LLC increased its stake in Evoqua Water Technologies by 76.7% during the 4th quarter. Nvwm LLC now owns 1,060 shares of the company’s stock worth $48,000 after buying an additional 460 shares in the last quarter. Achmea Investment Management B.V. acquired a new position in shares of Evoqua Water Technologies during the third quarter valued at approximately $5,315,000. Finally, US Bancorp DE lifted its position in shares of Evoqua Water Technologies by 15.0% in the third quarter. US Bancorp DE now owns 6,315 shares of the company’s stock valued at $237,000 after acquiring an additional 826 shares in the last quarter. 92.55% of the stock is currently owned by institutional investors and hedge funds.

About Evoqua Water Technologies (Get Rating)

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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