Evoqua Water Technologies (NYSE:AQUA) announced its quarterly earnings data on Friday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01), Morningstar.com reports. The firm had revenue of $348.60 million for the quarter, compared to the consensus estimate of $351.04 million. During the same period last year, the business earned $0.18 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Evoqua Water Technologies updated its FY 2019 guidance to EPS.
Shares of Evoqua Water Technologies stock traded down $0.60 during trading on Friday, reaching $12.74. The company’s stock had a trading volume of 1,481,474 shares, compared to its average volume of 719,992. Evoqua Water Technologies has a 52-week low of $7.92 and a 52-week high of $22.25.
A number of institutional investors and hedge funds have recently made changes to their positions in AQUA. Massachusetts Financial Services Co. MA boosted its position in Evoqua Water Technologies by 127.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,147,867 shares of the company’s stock valued at $30,219,000 after buying an additional 1,763,578 shares during the period. JPMorgan Chase & Co. boosted its position in Evoqua Water Technologies by 34.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,392,610 shares of the company’s stock valued at $95,880,000 after buying an additional 1,381,380 shares during the period. Penn Capital Management Co. Inc. purchased a new stake in Evoqua Water Technologies during the 4th quarter valued at $13,737,000. Pinnacle Associates Ltd. boosted its position in Evoqua Water Technologies by 671.2% during the 1st quarter. Pinnacle Associates Ltd. now owns 1,360,085 shares of the company’s stock valued at $17,110,000 after buying an additional 1,183,735 shares during the period. Finally, SG Capital Management LLC purchased a new stake in Evoqua Water Technologies during the 4th quarter valued at $10,262,000.
About Evoqua Water Technologies
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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