Evoqua Water Technologies Corp. (NYSE:AQUA) Short Interest Update

Evoqua Water Technologies Corp. (NYSE:AQUAGet Rating) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 2,150,000 shares, a drop of 14.7% from the May 15th total of 2,520,000 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 895,200 shares, the short-interest ratio is presently 2.4 days.

In other news, Director Nick Bhambri sold 87,641 shares of Evoqua Water Technologies stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $45.08, for a total transaction of $3,950,856.28. Following the completion of the sale, the director now directly owns 23,765 shares in the company, valued at approximately $1,071,326.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.79% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of AQUA. Nissay Asset Management Corp Japan ADV purchased a new position in shares of Evoqua Water Technologies during the 4th quarter worth approximately $82,536,000. Conestoga Capital Advisors LLC purchased a new stake in Evoqua Water Technologies in the 1st quarter worth approximately $61,313,000. BlackRock Inc. grew its stake in Evoqua Water Technologies by 9.7% in the 4th quarter. BlackRock Inc. now owns 13,892,245 shares of the company’s stock worth $649,464,000 after acquiring an additional 1,227,582 shares during the period. Norges Bank purchased a new stake in Evoqua Water Technologies in the 4th quarter worth approximately $45,001,000. Finally, JPMorgan Chase & Co. grew its stake in Evoqua Water Technologies by 371.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,190,251 shares of the company’s stock worth $55,918,000 after acquiring an additional 937,584 shares during the period. 91.85% of the stock is owned by institutional investors and hedge funds.

Shares of AQUA stock traded up $0.31 during midday trading on Friday, reaching $31.04. 34,788 shares of the company traded hands, compared to its average volume of 749,430. The firm’s 50 day simple moving average is $38.53 and its two-hundred day simple moving average is $41.86. Evoqua Water Technologies has a 1-year low of $30.21 and a 1-year high of $49.38. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.80 and a quick ratio of 1.30. The firm has a market cap of $3.76 billion, a PE ratio of 70.41, a price-to-earnings-growth ratio of 2.93 and a beta of 1.80.

Evoqua Water Technologies (NYSE:AQUAGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Evoqua Water Technologies had a net margin of 3.36% and a return on equity of 13.25%. The company had revenue of $426.70 million during the quarter, compared to the consensus estimate of $412.54 million. During the same period last year, the firm earned $0.11 EPS. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, research analysts anticipate that Evoqua Water Technologies will post 0.74 earnings per share for the current fiscal year.

Evoqua Water Technologies Company Profile (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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