Evoqua Water Technologies Corp.’s Quiet Period Will End Tomorrow (NYSE:AQUA)

Evoqua Water Technologies’ (NYSE:AQUA) quiet period will end on Tuesday, December 12th. Evoqua Water Technologies had issued 27,777,777 shares in its initial public offering on November 2nd. The total size of the offering was $499,999,986 based on an initial share price of $18.00. During Evoqua Water Technologies’ quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

A number of analysts have recently issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Evoqua Water Technologies in a research note on Monday, November 27th. They set a “neutral” rating and a $22.00 target price for the company. Robert W. Baird began coverage on shares of Evoqua Water Technologies in a research note on Monday, November 27th. They set a “neutral” rating and a $23.00 target price for the company. Royal Bank Of Canada began coverage on shares of Evoqua Water Technologies in a research note on Monday, November 27th. They issued an “outperform” rating and a $25.00 price objective for the company. Citigroup began coverage on shares of Evoqua Water Technologies in a research note on Monday, November 27th. They issued a “buy” rating and a $26.00 price objective for the company. Finally, J P Morgan Chase & Co began coverage on shares of Evoqua Water Technologies in a research note on Thursday, November 30th. They issued a “neutral” rating and a $23.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Evoqua Water Technologies has an average rating of “Buy” and an average price target of $23.88.

Shares of Evoqua Water Technologies (NYSE AQUA) opened at $23.19 on Monday. Evoqua Water Technologies has a 12 month low of $19.10 and a 12 month high of $23.84.

In other news, CEO Ronald C. Keating bought 3,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $18.00 per share, with a total value of $54,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Benedict J. Stas bought 2,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $36,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 6,000 shares of company stock valued at $108,000 in the last quarter.

ILLEGAL ACTIVITY NOTICE: This report was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/12/11/evoqua-water-technologies-corp-s-quiet-period-will-end-tomorrow-nyseaqua.html.

Evoqua Water Technologies Company Profile

Evoqua Water Technologies Corp. is focused on providing water treatment solutions. The Company is offering services, systems and technologies to support customers’ full water lifecycle needs. The Company offers a comprehensive portfolio of differentiated, proprietary technology solutions. The Company operates through three segments Industrial, Municipal and Products.

Receive News & Ratings for Evoqua Water Technologies Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evoqua Water Technologies Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply