UBS Group AG Buys 37,492 Shares of Evoqua Water Technologies Corp. (NYSE:AQUA)

UBS Group AG lifted its stake in shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 163,778 shares of the company’s stock after purchasing an additional 37,492 shares during the quarter. UBS Group AG owned 0.13% of Evoqua Water Technologies worth $6,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AQUA. Macquarie Group Ltd. boosted its holdings in shares of Evoqua Water Technologies by 27,503.6% in the 2nd quarter. Macquarie Group Ltd. now owns 796,916 shares of the company’s stock worth $25,907,000 after purchasing an additional 794,029 shares in the last quarter. Invesco Ltd. grew its stake in shares of Evoqua Water Technologies by 10.5% in the first quarter. Invesco Ltd. now owns 7,540,421 shares of the company’s stock worth $354,248,000 after acquiring an additional 713,929 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Evoqua Water Technologies by 2,072.1% in the first quarter. Federated Hermes Inc. now owns 490,426 shares of the company’s stock worth $23,040,000 after acquiring an additional 467,848 shares during the last quarter. BlackRock Inc. boosted its position in shares of Evoqua Water Technologies by 3.2% during the first quarter. BlackRock Inc. now owns 14,342,255 shares of the company’s stock valued at $673,798,000 after buying an additional 450,010 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Evoqua Water Technologies by 24.8% in the first quarter. Royal Bank of Canada now owns 2,043,756 shares of the company’s stock worth $96,017,000 after purchasing an additional 406,186 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Evoqua Water Technologies Price Performance

Shares of Evoqua Water Technologies stock opened at $49.88 on Friday. The business has a 50 day simple moving average of $48.89 and a two-hundred day simple moving average of $45.99. Evoqua Water Technologies Corp. has a 12 month low of $30.44 and a 12 month high of $52.30. The stock has a market capitalization of $6.10 billion, a P/E ratio of 80.45, a PEG ratio of 3.99 and a beta of 1.79. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.78 and a quick ratio of 1.27.

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.