Envestnet Asset Management Inc. Raises Stake in Evoqua Water Technologies Corp. (NYSE:AQUA)

Envestnet Asset Management Inc. grew its stake in shares of Evoqua Water Technologies Corp. (NYSE:AQUAGet Rating) by 9.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,403 shares of the company’s stock after purchasing an additional 6,267 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Evoqua Water Technologies worth $2,354,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Redmond Asset Management LLC boosted its stake in shares of Evoqua Water Technologies by 2.5% during the first quarter. Redmond Asset Management LLC now owns 10,648 shares of the company’s stock valued at $500,000 after purchasing an additional 262 shares during the period. US Bancorp DE boosted its stake in shares of Evoqua Water Technologies by 3.1% during the second quarter. US Bancorp DE now owns 11,132 shares of the company’s stock valued at $362,000 after purchasing an additional 337 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Evoqua Water Technologies by 9.2% in the second quarter. Nisa Investment Advisors LLC now owns 4,260 shares of the company’s stock valued at $138,000 after acquiring an additional 360 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Evoqua Water Technologies by 13.2% in the first quarter. Belpointe Asset Management LLC now owns 3,206 shares of the company’s stock valued at $151,000 after acquiring an additional 375 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Evoqua Water Technologies by 2.3% in the first quarter. Gamco Investors INC. ET AL now owns 20,740 shares of the company’s stock valued at $974,000 after acquiring an additional 468 shares in the last quarter. 93.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup lifted their price objective on Evoqua Water Technologies from $37.00 to $45.00 in a report on Wednesday. TheStreet upgraded Evoqua Water Technologies from a “c+” rating to a “b” rating in a report on Tuesday, August 16th. Credit Suisse Group lifted their price objective on Evoqua Water Technologies from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Oppenheimer downgraded shares of Evoqua Water Technologies from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a report on Wednesday. Finally, Stifel Nicolaus boosted their target price on shares of Evoqua Water Technologies from $43.00 to $50.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Evoqua Water Technologies Stock Performance

AQUA opened at $43.91 on Friday. Evoqua Water Technologies Corp. has a 52-week low of $30.44 and a 52-week high of $49.38. The company has a quick ratio of 1.31, a current ratio of 1.82 and a debt-to-equity ratio of 1.37. The company has a market cap of $5.33 billion, a P/E ratio of 75.71, a price-to-earnings-growth ratio of 3.57 and a beta of 1.72. The firm’s 50-day moving average price is $36.61 and its 200-day moving average price is $36.08.

Evoqua Water Technologies Profile

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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.

Further Reading

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

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