Evoqua Water Technologies Corp. (NYSE:AQUA) Short Interest Update

Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 7,090,000 shares, a growth of 5.5% from the February 13th total of 6,720,000 shares. Based on an average daily volume of 1,440,000 shares, the short-interest ratio is currently 4.9 days.

Insider Buying and Selling at Evoqua Water Technologies

In other news, EVP Rodney Aulick sold 6,494 shares of Evoqua Water Technologies stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $50.35, for a total value of $326,972.90. Following the transaction, the executive vice president now owns 127,001 shares in the company, valued at $6,394,500.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.64% of the company’s stock.

Hedge Funds Weigh In On Evoqua Water Technologies

A number of hedge funds have recently added to or reduced their stakes in AQUA. Norges Bank purchased a new position in Evoqua Water Technologies in the 4th quarter worth approximately $38,120,000. Macquarie Group Ltd. raised its stake in Evoqua Water Technologies by 27,503.6% during the 2nd quarter. Macquarie Group Ltd. now owns 796,916 shares of the company’s stock valued at $25,907,000 after buying an additional 794,029 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Evoqua Water Technologies by 63.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,943,156 shares of the company’s stock valued at $63,173,000 after buying an additional 752,905 shares during the last quarter. Invesco Ltd. raised its stake in Evoqua Water Technologies by 10.5% during the 1st quarter. Invesco Ltd. now owns 7,540,421 shares of the company’s stock valued at $354,248,000 after buying an additional 713,929 shares during the last quarter. Finally, Amundi raised its stake in Evoqua Water Technologies by 103.0% during the 2nd quarter. Amundi now owns 1,298,351 shares of the company’s stock valued at $42,238,000 after buying an additional 658,878 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Evoqua Water Technologies Stock Performance

Shares of AQUA opened at $45.10 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.74 and a debt-to-equity ratio of 1.17. The business’s 50 day moving average price is $47.15 and its 200-day moving average price is $41.45. Evoqua Water Technologies has a 52 week low of $30.44 and a 52 week high of $51.35. The stock has a market cap of $5.51 billion, a P/E ratio of 75.17, a P/E/G ratio of 3.92 and a beta of 1.80.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AQUA shares. Citigroup boosted their price target on Evoqua Water Technologies from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, February 1st. Robert W. Baird downgraded Evoqua Water Technologies from an “outperform” rating to a “neutral” rating and set a $49.00 price target on the stock. in a report on Wednesday, February 1st. Finally, Royal Bank of Canada cut Evoqua Water Technologies from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $51.00 to $50.00 in a research report on Wednesday, February 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Evoqua Water Technologies has a consensus rating of “Hold” and an average price target of $48.57.

About Evoqua Water Technologies

(Get Rating)

Evoqua Water Technologies Corp. is a holding company, which engages in the provision of water and wastewater treatment systems and technologies. It operates through the Integrated Solutions and Services and Applied Product Technologies segments. The Integrated Solutions and Services segment offers outsourced water services, capital equipment for process water and wastewater treatment, and preventive maintenance service contracts.