Waratah Capital Advisors Ltd. trimmed its position in Evoqua Water Technologies (NYSE:AQUA) by 40.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,311 shares of the company’s stock after selling 23,730 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Evoqua Water Technologies were worth $730,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. American International Group Inc. grew its stake in Evoqua Water Technologies by 46.2% in the first quarter. American International Group Inc. now owns 31,797 shares of the company’s stock worth $677,000 after purchasing an additional 10,055 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Evoqua Water Technologies by 108.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 248,379 shares of the company’s stock worth $5,288,000 after purchasing an additional 129,243 shares in the last quarter. Suffolk Capital Management LLC grew its stake in Evoqua Water Technologies by 5,337.0% in the first quarter. Suffolk Capital Management LLC now owns 478,182 shares of the company’s stock worth $10,180,000 after purchasing an additional 469,387 shares in the last quarter. American Century Companies Inc. grew its stake in Evoqua Water Technologies by 111.8% in the first quarter. American Century Companies Inc. now owns 2,978,938 shares of the company’s stock worth $63,422,000 after purchasing an additional 1,572,358 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Evoqua Water Technologies in the first quarter worth about $1,468,000.
Shares of NYSE:AQUA opened at $19.57 on Tuesday. Evoqua Water Technologies has a 12 month low of $19.32 and a 12 month high of $19.60.
Evoqua Water Technologies (NYSE:AQUA) last announced its earnings results on Tuesday, May 8th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Evoqua Water Technologies had a negative return on equity of 5.33% and a negative net margin of 1.01%. The firm had revenue of $333.69 million for the quarter, compared to analysts’ expectations of $321.36 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year.
AQUA has been the topic of a number of recent research reports. Stifel Nicolaus raised shares of Evoqua Water Technologies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, May 8th. Cowen reaffirmed a “buy” rating and set a $26.00 price target on shares of Evoqua Water Technologies in a report on Tuesday, January 30th. Finally, Robert W. Baird lifted their price target on Evoqua Water Technologies from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $24.63.
In other Evoqua Water Technologies news, CEO Ronald C. Keating sold 338,271 shares of Evoqua Water Technologies stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $21.29, for a total value of $7,201,789.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James M. Irwin sold 8,539 shares of Evoqua Water Technologies stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $21.29, for a total transaction of $181,795.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,531,357 shares of company stock worth $245,502,591.
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 through three segments: Industrial, Municipal, and Products. The Industrial segment provides capital systems and related recurring aftermarket services, parts, and consumables for treating industrial process water, utility water, and wastewater.
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