DnB Asset Management AS Has $1.45 Million Stock Holdings in Evoqua Water Technologies Corp. (NYSE:AQUA)

DnB Asset Management AS raised its holdings in Evoqua Water Technologies Corp. (NYSE:AQUAGet Rating) by 26.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,448 shares of the company’s stock after acquiring an additional 9,277 shares during the quarter. DnB Asset Management AS’s holdings in Evoqua Water Technologies were worth $1,445,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Redmond Asset Management LLC lifted its stake in Evoqua Water Technologies by 2.5% in the first quarter. Redmond Asset Management LLC now owns 10,648 shares of the company’s stock valued at $500,000 after acquiring an additional 262 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Evoqua Water Technologies by 1.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 20,272 shares of the company’s stock valued at $948,000 after purchasing an additional 269 shares during the period. Belpointe Asset Management LLC raised its position in shares of Evoqua Water Technologies by 13.2% in the first quarter. Belpointe Asset Management LLC now owns 3,206 shares of the company’s stock valued at $151,000 after purchasing an additional 375 shares during the period. Phoenix Holdings Ltd. raised its position in shares of Evoqua Water Technologies by 6.9% in the first quarter. Phoenix Holdings Ltd. now owns 7,802 shares of the company’s stock valued at $368,000 after purchasing an additional 501 shares during the period. Finally, Signaturefd LLC raised its position in shares of 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. 93.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Evoqua Water Technologies Trading Down 1.6 %

Shares of AQUA stock opened at $35.68 on Thursday. Evoqua Water Technologies Corp. has a 1 year low of $30.44 and a 1 year high of $49.38. The firm’s fifty day simple moving average is $37.02 and its 200 day simple moving average is $38.28. The firm has a market capitalization of $4.33 billion, a P/E ratio of 75.92, a price-to-earnings-growth ratio of 3.42 and a beta of 1.77. The company has a current ratio of 1.82, a quick ratio of 1.31 and a debt-to-equity ratio of 1.37.

Evoqua Water Technologies (NYSE:AQUAGet Rating) last announced its earnings results on Tuesday, August 2nd. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Evoqua Water Technologies had a net margin of 3.48% and a return on equity of 14.06%. The business had revenue of $439.33 million for the quarter, compared to analyst estimates of $432.65 million. As a group, sell-side analysts predict that Evoqua Water Technologies Corp. will post 0.72 EPS for the current year.

Evoqua Water Technologies Profile

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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.

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

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