Evoqua Water Technologies Corp. (NYSE:AQUA) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its position in Evoqua Water Technologies Corp. (NYSE:AQUAGet Rating) by 39.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,613 shares of the company’s stock after selling 67,470 shares during the quarter. Raymond James & Associates’ holdings in Evoqua Water Technologies were worth $4,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp boosted its holdings in Evoqua Water Technologies by 548.0% in the first quarter. Fifth Third Bancorp now owns 648 shares of the company’s stock valued at $30,000 after purchasing an additional 548 shares during the period. Signaturefd LLC boosted its holdings in Evoqua Water Technologies by 472.3% in the first quarter. Signaturefd LLC now owns 641 shares of the company’s stock valued at $30,000 after purchasing an additional 529 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Evoqua Water Technologies in the first quarter valued at $37,000. Parallel Advisors LLC purchased a new position in Evoqua Water Technologies in the first quarter valued at $54,000. Finally, Hardy Reed LLC purchased a new position in Evoqua Water Technologies in the first quarter valued at $66,000. 93.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on AQUA. Stifel Nicolaus decreased their target price on Evoqua Water Technologies from $55.00 to $43.00 in a report on Wednesday, July 20th. Royal Bank of Canada decreased their price target on Evoqua Water Technologies from $45.00 to $44.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. Credit Suisse Group lifted their price target on Evoqua Water Technologies from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Finally, TheStreet raised Evoqua Water Technologies from a “c+” rating to a “b” rating in a report on Tuesday, August 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Evoqua Water Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $44.86.

Evoqua Water Technologies Stock Up 1.5 %

Evoqua Water Technologies stock opened at $34.90 on Wednesday. Evoqua Water Technologies Corp. has a fifty-two week low of $30.44 and a fifty-two week high of $49.38. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.31 and a current ratio of 1.82. The company has a market capitalization of $4.24 billion, a P/E ratio of 74.26, a PEG ratio of 3.17 and a beta of 1.77. The stock has a 50-day simple moving average of $36.06 and a 200-day simple moving average of $38.98.

Evoqua Water Technologies Profile

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding AQUA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evoqua Water Technologies Corp. (NYSE:AQUAGet Rating).

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

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