Evoqua Water Technologies (NYSE:AQUA) Sees Large Volume Increase

Shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) saw unusually-strong trading volume on Tuesday . Approximately 1,243,410 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 1,721,585 shares.The stock last traded at $51.26 and had previously closed at $49.41.

Wall Street Analyst Weigh In

AQUA has been the topic of several analyst reports. Robert W. Baird cut Evoqua Water Technologies from an “outperform” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Wednesday, February 1st. Citigroup increased their target price on shares of Evoqua Water Technologies from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 1st. Stifel Nicolaus boosted their price target on shares of Evoqua Water Technologies from $54.00 to $55.00 in a research report on Wednesday, May 3rd. Finally, Royal Bank of Canada downgraded Evoqua Water Technologies from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $51.00 to $50.00 in a research report on Wednesday, February 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Evoqua Water Technologies currently has an average rating of “Hold” and an average price target of $49.29.

Evoqua Water Technologies Stock Up 1.0 %

The company has a debt-to-equity ratio of 1.15, a current ratio of 1.78 and a quick ratio of 1.27. The firm has a market cap of $6.10 billion, a P/E ratio of 80.45, a P/E/G ratio of 3.95 and a beta of 1.79. The stock’s 50 day simple moving average is $48.81 and its two-hundred day simple moving average is $45.97.

Institutional Investors Weigh In On Evoqua Water Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC increased its holdings in shares of Evoqua Water Technologies by 0.8% during the fourth quarter. IHT Wealth Management LLC now owns 24,743 shares of the company’s stock valued at $980,000 after acquiring an additional 203 shares in the last quarter. King Luther Capital Management Corp lifted its stake in shares of Evoqua Water Technologies by 0.4% in the first quarter. King Luther Capital Management Corp now owns 67,023 shares of the company’s stock worth $3,332,000 after buying an additional 234 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Evoqua Water Technologies by 2.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 9,372 shares of the company’s stock valued at $466,000 after buying an additional 252 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Evoqua Water Technologies by 1.6% during the fourth quarter. AQR Capital Management LLC now owns 15,928 shares of the company’s stock valued at $631,000 after acquiring an additional 255 shares in the last quarter. Finally, Cim Investment Management Inc. raised its holdings in Evoqua Water Technologies by 3.6% in the 1st quarter. Cim Investment Management Inc. now owns 7,407 shares of the company’s stock worth $368,000 after acquiring an additional 256 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Evoqua Water Technologies Company Profile

(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.