Evoqua Water Technologies Corp. (NYSE:AQUA) Stock Holdings Lowered by Raymond James & Associates

Raymond James & Associates lowered its position in shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) by 17.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 72,783 shares of the company’s stock after selling 15,362 shares during the period. Raymond James & Associates’ holdings in Evoqua Water Technologies were worth $2,407,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC grew its position in shares of Evoqua Water Technologies by 9.2% during the second quarter. Nisa Investment Advisors LLC now owns 4,260 shares of the company’s stock worth $138,000 after acquiring an additional 360 shares during the last quarter. Baird Financial Group Inc. bought a new position in Evoqua Water Technologies in the 1st quarter valued at about $211,000. Captrust Financial Advisors grew its position in Evoqua Water Technologies by 21.2% in the 2nd quarter. Captrust Financial Advisors now owns 4,542 shares of the company’s stock valued at $148,000 after buying an additional 796 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Evoqua Water Technologies in the 2nd quarter valued at about $149,000. Finally, Bank of Montreal Can bought a new position in Evoqua Water Technologies in the 1st quarter valued at about $221,000. Institutional investors own 93.46% of the company’s stock.

Evoqua Water Technologies Price Performance

Shares of NYSE AQUA opened at $41.03 on Monday. Evoqua Water Technologies Corp. has a twelve month low of $30.44 and a twelve month high of $48.05. The company has a current ratio of 1.72, a quick ratio of 1.24 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 70.74, a PEG ratio of 3.39 and a beta of 1.72. The firm has a 50-day moving average of $41.73 and a two-hundred day moving average of $38.25.

Evoqua Water Technologies (NYSE:AQUA – Get Rating) last posted its quarterly earnings data on Tuesday, November 15th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.13. Evoqua Water Technologies had a net margin of 4.16% and a return on equity of 16.40%. The company had revenue of $504.76 million during the quarter, compared to analyst estimates of $463.90 million. As a group, analysts expect that Evoqua Water Technologies Corp. will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AQUA has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their target price on shares of Evoqua Water Technologies from $43.00 to $50.00 in a research report on Wednesday, November 16th. Citigroup increased their target price on shares of Evoqua Water Technologies from $37.00 to $45.00 in a research report on Wednesday, November 16th. The Goldman Sachs Group upped their price target on shares of Evoqua Water Technologies from $44.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, November 16th. Royal Bank of Canada upped their price target on shares of Evoqua Water Technologies from $44.00 to $51.00 in a report on Wednesday, November 16th. Finally, Oppenheimer downgraded shares of Evoqua Water Technologies from an “outperform” rating to a “market perform” rating and set a $45.00 price target for the company. in a report on Wednesday, November 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Evoqua Water Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $47.50.

Evoqua Water Technologies Company 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 through two segments, Integrated Solutions and Services, and Applied Product Technologies.