Kornitzer Capital Management Inc. KS cut its position in shares of Evoqua Water Technologies Corp (NYSE:AQUA) by 76.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,673 shares of the company’s stock after selling 395,451 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Evoqua Water Technologies were worth $1,718,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Evoqua Water Technologies during the second quarter valued at approximately $49,000. Quantamental Technologies LLC bought a new stake in shares of Evoqua Water Technologies during the first quarter valued at approximately $76,000. Amalgamated Bank bought a new stake in shares of Evoqua Water Technologies during the fourth quarter valued at approximately $109,000. Aperio Group LLC bought a new stake in shares of Evoqua Water Technologies during the second quarter valued at approximately $144,000. Finally, Marshall Wace North America L.P. boosted its holdings in Evoqua Water Technologies by 37.4% in the first quarter. Marshall Wace North America L.P. now owns 11,650 shares of the company’s stock worth $147,000 after acquiring an additional 3,172 shares in the last quarter.
AQUA has been the topic of several analyst reports. Citigroup downgraded Evoqua Water Technologies from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a report on Monday, July 8th. Royal Bank of Canada reissued a “buy” rating and issued a $16.00 target price on shares of Evoqua Water Technologies in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Evoqua Water Technologies presently has an average rating of “Buy” and a consensus target price of $15.71.
Evoqua Water Technologies (NYSE:AQUA) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The company had revenue of $360.30 million during the quarter, compared to the consensus estimate of $359.07 million. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS.
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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