Evoqua Water Technologies (AQUA) Holdings Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN raised its stake in shares of Evoqua Water Technologies (NYSE:AQUA) by 69.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,763,591 shares of the company’s stock after purchasing an additional 1,956,033 shares during the period. Wells Fargo & Company MN owned 4.21% of Evoqua Water Technologies worth $101,418,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AQUA. Bank of Montreal Can purchased a new position in Evoqua Water Technologies during the fourth quarter valued at $145,000. Blackhill Capital Inc. purchased a new position in Evoqua Water Technologies during the fourth quarter valued at $152,000. Suffolk Capital Management LLC purchased a new position in Evoqua Water Technologies during the fourth quarter valued at $209,000. Strs Ohio purchased a new position in Evoqua Water Technologies during the fourth quarter valued at $218,000. Finally, Raymond James & Associates purchased a new position in Evoqua Water Technologies during the fourth quarter valued at $271,000.

Evoqua Water Technologies opened at $19.38 on Wednesday, Marketbeat.com reports. Evoqua Water Technologies has a twelve month low of $18.05 and a twelve month high of $25.36.

Evoqua Water Technologies (NYSE:AQUA) last posted its earnings results on Tuesday, May 8th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Evoqua Water Technologies had a negative net margin of 1.01% and a negative return on equity of 5.33%. The business had revenue of $333.69 million for the quarter, compared to analysts’ expectations of $321.36 million. During the same period in the previous year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year.

AQUA has been the topic of several recent analyst reports. Cowen reaffirmed a “buy” rating and set a $26.00 price objective on shares of Evoqua Water Technologies in a report on Tuesday, January 30th. Robert W. Baird increased their price objective on shares of Evoqua Water Technologies from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus decreased their price objective on shares of Evoqua Water Technologies from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $24.63.

In other news, insider James M. Irwin sold 8,539 shares of the business’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $21.29, for a total transaction of $181,795.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Investors Lp Aea sold 10,953,746 shares of Evoqua Water Technologies stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $21.29, for a total transaction of $233,205,252.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,531,357 shares of company stock worth $245,502,591.

Evoqua Water Technologies Company Profile

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.

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

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