IHT Wealth Management LLC grew its stake in shares of Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) by 1.5% during the third quarter, HoldingsChannel.com reports. The fund owned 24,540 shares of the company’s stock after buying an additional 363 shares during the quarter. IHT Wealth Management LLC’s holdings in Evoqua Water Technologies were worth $812,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in AQUA. US Bancorp DE boosted its holdings in shares of Evoqua Water Technologies by 73.5% during the 1st quarter. US Bancorp DE now owns 10,795 shares of the company’s stock valued at $507,000 after acquiring an additional 4,573 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Evoqua Water Technologies in the 1st quarter worth approximately $316,000. Cetera Advisor Networks LLC bought a new position in shares of Evoqua Water Technologies in the 1st quarter worth approximately $434,000. Bank of Montreal Can bought a new position in shares of Evoqua Water Technologies in the 1st quarter worth approximately $221,000. Finally, MetLife Investment Management LLC lifted its stake in shares of Evoqua Water Technologies by 54.6% in the 1st quarter. MetLife Investment Management LLC now owns 61,851 shares of the company’s stock worth $2,906,000 after purchasing an additional 21,841 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Wall Street Analyst Weigh In
Several equity analysts have recently weighed in on the stock. Citigroup increased their price objective 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. Robert W. Baird cut shares of Evoqua Water Technologies from an “outperform” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research note on Wednesday, February 1st. Finally, Royal Bank of Canada cut shares of Evoqua Water Technologies from an “outperform” rating to a “sector performing” rating and decreased their target price for the stock from $51.00 to $50.00 in a research note on Wednesday, February 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Evoqua Water Technologies currently has a consensus rating of “Hold” and an average target price of $48.57.
Evoqua Water Technologies Price Performance
NYSE AQUA opened at $45.10 on Friday. Evoqua Water Technologies Corp. has a 12 month low of $30.44 and a 12 month high of $51.35. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 75.17, a PEG ratio of 3.92 and a beta of 1.80. The company’s 50 day moving average is $47.15 and its two-hundred day moving average is $41.45. The company has a current ratio of 1.74, a quick ratio of 1.21 and a debt-to-equity ratio of 1.17.
In other news, EVP Rodney Aulick sold 6,494 shares of Evoqua Water Technologies stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $50.35, for a total transaction of $326,972.90. Following the sale, 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 is available at this link. Company insiders own 3.64% of the company’s stock.
About Evoqua Water Technologies
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.
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