Raymond James Financial Services Advisors Inc. Sells 8,429 Shares of Evoqua Water Technologies Corp. (NYSE:AQUA)

Raymond James Financial Services Advisors Inc. trimmed its stake in shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) by 9.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 80,432 shares of the company’s stock after selling 8,429 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Evoqua Water Technologies were worth $3,185,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. IHT Wealth Management LLC lifted its position in shares of Evoqua Water Technologies by 1.5% during the 3rd quarter. IHT Wealth Management LLC now owns 24,540 shares of the company’s stock valued at $812,000 after acquiring an additional 363 shares during the period. Amalgamated Bank lifted its position in shares of Evoqua Water Technologies by 2.2% during the 3rd quarter. Amalgamated Bank now owns 19,036 shares of the company’s stock valued at $630,000 after acquiring an additional 402 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Evoqua Water Technologies by 2.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 20,740 shares of the company’s stock worth $974,000 after buying an additional 468 shares during the last quarter. First Hawaiian Bank lifted its position in shares of Evoqua Water Technologies by 3.0% during the 4th quarter. First Hawaiian Bank now owns 17,349 shares of the company’s stock worth $687,000 after buying an additional 507 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Evoqua Water Technologies by 5.5% during the 3rd quarter. US Bancorp DE now owns 11,740 shares of the company’s stock worth $388,000 after buying an additional 608 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AQUA. Citigroup upped their price objective on Evoqua Water Technologies from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 1st. Stifel Nicolaus upped their price objective on Evoqua Water Technologies from $54.00 to $55.00 in a research report on Wednesday, May 3rd. Royal Bank of Canada downgraded Evoqua Water Technologies from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $51.00 to $50.00 in a research report on Wednesday, February 1st. Finally, Robert W. Baird downgraded Evoqua Water Technologies from an “outperform” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research report on Wednesday, February 1st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Evoqua Water Technologies currently has an average rating of “Hold” and an average price target of $49.29.

Evoqua Water Technologies Trading Up 0.5 %

Shares of AQUA stock opened at $49.63 on Monday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 80.05, a PEG ratio of 3.95 and a beta of 1.79. The stock has a 50-day moving average of $48.71 and a 200-day moving average of $45.80. The company has a current ratio of 1.78, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. Evoqua Water Technologies Corp. has a 1-year low of $30.44 and a 1-year high of $52.30.

About Evoqua Water Technologies

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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.