US Bancorp DE Buys 608 Shares of Evoqua Water Technologies Corp. (NYSE:AQUA)

US Bancorp DE grew its stake in shares of Evoqua Water Technologies Corp. (NYSE:AQUAGet Rating) by 5.5% in the third quarter, HoldingsChannel.com reports. The fund owned 11,740 shares of the company’s stock after acquiring an additional 608 shares during the quarter. US Bancorp DE’s holdings in Evoqua Water Technologies were worth $388,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Pictet Asset Management SA raised its holdings in shares of Evoqua Water Technologies by 160.9% during the 2nd quarter. Pictet Asset Management SA now owns 2,430,152 shares of the company’s stock worth $79,004,000 after buying an additional 1,498,706 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Evoqua Water Technologies by 27,503.6% during the 2nd quarter. Macquarie Group Ltd. now owns 796,916 shares of the company’s stock worth $25,907,000 after buying an additional 794,029 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Evoqua Water Technologies by 63.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,943,156 shares of the company’s stock worth $63,173,000 after buying an additional 752,905 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Evoqua Water Technologies by 10.5% during the 1st quarter. Invesco Ltd. now owns 7,540,421 shares of the company’s stock worth $354,248,000 after buying an additional 713,929 shares in the last quarter. Finally, Amundi raised its holdings in shares of Evoqua Water Technologies by 103.0% during the 2nd quarter. Amundi now owns 1,298,351 shares of the company’s stock worth $42,238,000 after buying an additional 658,878 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Evoqua Water Technologies Trading Up 15.2 %

Shares of AQUA stock opened at $47.28 on Tuesday. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 81.52, a PEG ratio of 3.39 and a beta of 1.72. The stock has a 50-day moving average of $41.90 and a 200-day moving average of $38.34. The company has a current ratio of 1.72, a quick ratio of 1.24 and a debt-to-equity ratio of 1.22. Evoqua Water Technologies Corp. has a 1-year low of $30.44 and a 1-year high of $48.05.

Evoqua Water Technologies (NYSE:AQUAGet Rating) last issued its quarterly earnings results on Tuesday, November 15th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.13. The company had revenue of $504.76 million during the quarter, compared to analysts’ expectations of $463.90 million. Evoqua Water Technologies had a return on equity of 16.40% and a net margin of 4.16%. On average, equities research analysts forecast that Evoqua Water Technologies Corp. will post 0.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AQUA. Oppenheimer cut 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. The Goldman Sachs Group upped their target price on Evoqua Water Technologies from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, November 16th. Citigroup upped their target price on Evoqua Water Technologies from $37.00 to $45.00 in a report on Wednesday, November 16th. Stifel Nicolaus upped their target price on Evoqua Water Technologies from $43.00 to $50.00 in a report on Wednesday, November 16th. Finally, Royal Bank of Canada upped their target price on Evoqua Water Technologies from $44.00 to $51.00 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.50.

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 through 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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