Evoqua Water Technologies Corp (NYSE:AQUA) CFO Benedict J. Stas bought 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were acquired at an average cost of $9.02 per share, for a total transaction of $72,160.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE AQUA opened at $9.30 on Thursday. Evoqua Water Technologies Corp has a one year low of $7.92 and a one year high of $25.36.
Evoqua Water Technologies (NYSE:AQUA) last issued its quarterly earnings data on Tuesday, November 27th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). The business had revenue of $366.33 million during the quarter, compared to analysts’ expectations of $362.62 million. During the same quarter last year, the company posted $0.10 earnings per share. Evoqua Water Technologies’s quarterly revenue was up 2.8% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Evoqua Water Technologies by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,845,926 shares of the company’s stock valued at $103,941,000 after buying an additional 149,581 shares in the last quarter. Morgan Stanley grew its holdings in Evoqua Water Technologies by 28.0% in the 3rd quarter. Morgan Stanley now owns 239,441 shares of the company’s stock valued at $4,258,000 after buying an additional 52,374 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in Evoqua Water Technologies in the 3rd quarter valued at $961,000. Putnam Investments LLC grew its holdings in Evoqua Water Technologies by 207.2% in the 3rd quarter. Putnam Investments LLC now owns 286,903 shares of the company’s stock valued at $5,101,000 after buying an additional 193,503 shares in the last quarter. Finally, New South Capital Management Inc. grew its holdings in Evoqua Water Technologies by 3.6% in the 3rd quarter. New South Capital Management Inc. now owns 1,651,734 shares of the company’s stock valued at $29,368,000 after buying an additional 56,917 shares in the last quarter.
A number of research analysts recently weighed in on the company. Berenberg Bank assumed coverage on Evoqua Water Technologies in a report on Wednesday, October 3rd. They set a “hold” rating and a $19.00 target price on the stock. Raymond James raised Evoqua Water Technologies from an “outperform” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a report on Tuesday, October 2nd. Citigroup decreased their target price on Evoqua Water Technologies from $25.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Finally, Cowen lowered Evoqua Water Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $21.71.
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About Evoqua Water Technologies
Evoqua Water Technologies Corp. provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services. It operates through three segments: Industrial, Municipal, and Products. The Industrial segment provides capital systems and related recurring aftermarket services, parts, and consumables for treating industrial process water, utility water, and wastewater.
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