Van ECK Associates Corp Acquires 2,383 Shares of Evoqua Water Technologies Corp. (NYSE:AQUA)

Van ECK Associates Corp increased its holdings in shares of Evoqua Water Technologies Corp. (NYSE:AQUA) by 3.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,479 shares of the company’s stock after purchasing an additional 2,383 shares during the period. Van ECK Associates Corp owned 0.05% of Evoqua Water Technologies worth $2,144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AQUA. Dimensional Fund Advisors LP boosted its stake in shares of Evoqua Water Technologies by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 857,529 shares of the company’s stock valued at $23,134,000 after purchasing an additional 7,777 shares in the last quarter. US Bancorp DE lifted its position in Evoqua Water Technologies by 2,762.5% during the first quarter. US Bancorp DE now owns 5,038 shares of the company’s stock valued at $133,000 after acquiring an additional 4,862 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Evoqua Water Technologies by 17.6% during the first quarter. The Manufacturers Life Insurance Company now owns 64,933 shares of the company’s stock valued at $1,708,000 after acquiring an additional 9,741 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in Evoqua Water Technologies during the first quarter valued at approximately $730,000. Finally, Alliancebernstein L.P. lifted its position in Evoqua Water Technologies by 8.0% during the first quarter. Alliancebernstein L.P. now owns 184,733 shares of the company’s stock valued at $4,858,000 after acquiring an additional 13,643 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

A number of equities research analysts recently commented on the stock. Credit Suisse Group increased their target price on shares of Evoqua Water Technologies from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 4th. Zacks Investment Research cut shares of Evoqua Water Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, September 15th. Robert W. Baird raised their price target on shares of Evoqua Water Technologies from $32.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, August 4th. Royal Bank of Canada raised their price target on shares of Evoqua Water Technologies from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, June 16th. They noted that the move was a valuation call. Finally, Citigroup raised their price target on shares of Evoqua Water Technologies from $31.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Evoqua Water Technologies currently has an average rating of “Buy” and an average target price of $35.22.

In other news, EVP Rodney Aulick sold 12,987 shares of Evoqua Water Technologies stock in a transaction dated Friday, July 2nd. The shares were sold at an average price of $33.58, for a total value of $436,103.46. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Martin Lamb sold 50,000 shares of Evoqua Water Technologies stock in a transaction dated Tuesday, July 6th. The shares were sold at an average price of $33.02, for a total transaction of $1,651,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,959 shares of company stock worth $5,187,750. 4.39% of the stock is owned by company insiders.

AQUA stock opened at $38.02 on Tuesday. The firm has a market cap of $4.56 billion, a PE ratio of 82.65 and a beta of 1.90. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.36 and a current ratio of 1.79. The firm’s fifty day moving average is $36.20 and its 200 day moving average is $31.79. Evoqua Water Technologies Corp. has a one year low of $18.60 and a one year high of $39.95.

Evoqua Water Technologies (NYSE:AQUA) last released its quarterly earnings results on Tuesday, August 3rd. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). The firm had revenue of $369.68 million for the quarter, compared to analyst estimates of $364.15 million. Evoqua Water Technologies had a net margin of 3.93% and a return on equity of 13.58%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 EPS. Research analysts predict that Evoqua Water Technologies Corp. will post 0.6 earnings per share for the current fiscal year.

About Evoqua Water Technologies

Evoqua Water Technologies Corp. is a holding company, which engages in the provision of water treatment solutions. It operates through the Integrated Solutions and Services and Applied Product Technologies business segments. The Integrated Solutions and Services segment focuses on engaging directly with end users.

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Institutional Ownership by Quarter for Evoqua Water Technologies (NYSE:AQUA)

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