Comerica Bank bought a new stake in Evoqua Water Technologies Corp (NYSE:AQUA) during the first quarter, Holdings Channel.com reports.The fund bought 35,173 shares of the company’s stock, valued at approximately $544,000.
Other institutional investors have also modified their holdings of the company.Point72 Hong Kong Ltd acquired a new position in Evoqua Water Technologies during the fourth quarter worth about $67,000.Picton Mahoney Asset Management purchased a new stake in Evoqua Water Technologies in the fourth quarter valued at approximately $74,000.Marshall Wace LLP purchased a new stake in Evoqua Water Technologies in the fourth quarter valued at approximately $86,000.
Quantbot Technologies LP acquired a new position in Evoqua Water Technologies during the fourth quarter valued at approximately $95,000.
Finally, Ladenburg Thalmann Financial Services Inc.lifted its position in Evoqua Water Technologies by 125.1% during the fourth quarter.
Ladenburg Thalmann Financial Services Inc.now owns 6,384 shares of the company’s stock valued at $122,000 after buying an additional 3,548 shares in the last quarter.
59.59% of the stock is currently owned by institutional investors.
Get Evoqua Water Technologies alerts: Shares of AQUA opened at $17.90 on Friday.The company has a current ratio of 1.89, a quick ratio of 1.42 and a debt-to-equity ratio of 2.02.Evoqua Water Technologies Corp has a 1 year low of $7.09 and a 1 year high of $25.23.The stock has a market cap of $2.13 billion, a P/E ratio of 33.15 and a beta of 2.21.The stock’s 50-day moving average price is $15.01 and its two-hundred day moving average price is $17.88.
Evoqua Water Technologies (NYSE:AQUA) last released its earnings results on Wednesday, May 6th.The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.05.
The firm had revenue of $351.70 million for the quarter, compared to analysts’ expectations of $339.44 million.Evoqua Water Technologies had a return on equity of 9.27% and a net margin of 4.54%.
The business’s quarterly revenue was up .9% compared to the same quarter last year.During the same quarter in the previous year, the business posted $0.01 EPS.
As a group, equities analysts forecast that Evoqua Water Technologies Corp will post 0.36 EPS for the current year.
A number of research firms have recently commented on AQUA.
ValuEngine cut shares of Evoqua Water Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, March 26th.Goldman Sachs Group upgraded shares of Evoqua Water Technologies from a “neutral” rating to a “buy” rating and lowered their target price for the company from $22.00 to $14.00 in a research note on Wednesday, April 8th.Credit Suisse Group upped their price target on shares of Evoqua Water Technologies from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th.Citigroup upped their price target on shares of Evoqua Water Technologies from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th.Finally, Zacks Investment Research lowered shares of Evoqua Water Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 7th.Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock.Evoqua Water Technologies has a consensus rating of “Hold” and a consensus target price of $18.50.
Evoqua Water Technologies Profile
Evoqua Water Technologies Corp.
provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services.It operates in three segments: Industrial, Municipal, and Products.The Industrial segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services for treating industrial process water, utility water, and wastewater.
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