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.
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