DnB Asset Management AS raised its stake in shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) by 26.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,448 shares of the company’s stock after acquiring an additional 9,277 shares during the quarter. DnB Asset Management AS’s holdings in Evoqua Water Technologies were worth $1,445,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Walleye Capital LLC bought a new position in Evoqua Water Technologies during the 1st quarter valued at $2,923,000. Neuberger Berman Group LLC lifted its position in shares of Evoqua Water Technologies by 17.7% in the 1st quarter. Neuberger Berman Group LLC now owns 647,089 shares of the company’s stock worth $30,424,000 after buying an additional 97,097 shares during the last quarter. Keeley Teton Advisors LLC bought a new position in shares of Evoqua Water Technologies in the 1st quarter worth about $719,000. Gabelli Funds LLC lifted its position in shares of Evoqua Water Technologies by 5.8% in the 1st quarter. Gabelli Funds LLC now owns 28,513 shares of the company’s stock worth $1,340,000 after buying an additional 1,575 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Evoqua Water Technologies by 2.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 20,740 shares of the company’s stock worth $974,000 after buying an additional 468 shares during the last quarter. 93.40% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
AQUA has been the topic of a number of recent research reports. Royal Bank of Canada reduced their price target on shares of Evoqua Water Technologies from $45.00 to $44.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. Stifel Nicolaus reduced their price target on shares of Evoqua Water Technologies from $55.00 to $43.00 in a research report on Wednesday, July 20th. TheStreet upgraded shares of Evoqua Water Technologies from a “c+” rating to a “b” rating in a research report on Tuesday, August 16th. Finally, Credit Suisse Group increased their price objective on shares of Evoqua Water Technologies from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.86.
Evoqua Water Technologies Stock Down 1.6 %
Evoqua Water Technologies (NYSE:AQUA – Get Rating) last released its earnings results on Tuesday, August 2nd. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $439.33 million for the quarter, compared to analysts’ expectations of $432.65 million. Evoqua Water Technologies had a net margin of 3.48% and a return on equity of 14.06%. As a group, sell-side analysts predict that Evoqua Water Technologies Corp. will post 0.72 EPS for the current year.
About Evoqua Water Technologies
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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