Evoqua Water Technologies Corp. (NYSE:AQUA) Short Interest Up 7.5% in November – MarketBeat
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Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 2,590,000 shares, an increase of 7.5% from the October 31st total of 2,410,000 shares. Based on an average daily trading volume, of 662,000 shares, the short-interest ratio is currently 3.9 days.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on AQUA shares. TheStreet raised Evoqua Water Technologies from a “c+” rating to a “b” rating in a research report on Tuesday, August 16th. The Goldman Sachs Group lifted their target price on Evoqua Water Technologies from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, November 16th. Oppenheimer downgraded Evoqua Water Technologies from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a research note on Wednesday, November 16th. Stifel Nicolaus lifted their target price on Evoqua Water Technologies from $43.00 to $50.00 in a research note on Wednesday, November 16th. Finally, Royal Bank of Canada lifted their target price on Evoqua Water Technologies from $44.00 to $51.00 in a research note on Wednesday, November 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Evoqua Water Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.
Hedge Funds Weigh In On Evoqua Water Technologies
A number of large investors have recently bought and sold shares of AQUA. Commonwealth Equity Services LLC boosted its holdings in Evoqua Water Technologies by 7.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 13,583 shares of the company’s stock valued at $638,000 after acquiring an additional 916 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of Evoqua Water Technologies by 171.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 37,775 shares of the company’s stock worth $1,774,000 after buying an additional 23,840 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Evoqua Water Technologies by 1.8% in the 1st quarter. California Public Employees Retirement System now owns 198,631 shares of the company’s stock worth $9,332,000 after buying an additional 3,525 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Evoqua Water Technologies by 71.3% in the 1st quarter. Russell Investments Group Ltd. now owns 44,888 shares of the company’s stock worth $2,107,000 after buying an additional 18,683 shares during the period. Finally, IndexIQ Advisors LLC lifted its holdings in shares of Evoqua Water Technologies by 2,533.1% in the 1st quarter. IndexIQ Advisors LLC now owns 9,374 shares of the company’s stock worth $440,000 after buying an additional 9,018 shares during the period. Hedge funds and other institutional investors own 93.40% of the company’s stock.
Evoqua Water Technologies Trading Up 1.4 %
Shares of NYSE AQUA traded up $0.62 during trading hours on Friday, hitting $44.26. 437,917 shares of the company traded hands, compared to its average volume of 663,812. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 76.31, a price-to-earnings-growth ratio of 3.61 and a beta of 1.72. The company has a current ratio of 1.72, a quick ratio of 1.24 and a debt-to-equity ratio of 1.22. The company’s 50 day moving average price is $38.17 and its 200 day moving average price is $36.54. Evoqua Water Technologies has a 12 month low of $30.44 and a 12 month high of $48.49.
Evoqua Water Technologies (NYSE:AQUA – Get Rating) last released its earnings results on Tuesday, November 15th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.13. The firm had revenue of $504.76 million for the quarter, compared to the consensus estimate of $463.90 million. Evoqua Water Technologies had a return on equity of 16.40% and a net margin of 4.16%. On average, equities research analysts anticipate that Evoqua Water Technologies will post 0.81 earnings per share for the current fiscal year.
About Evoqua Water Technologies
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Evoqua Water Technologies Corp. provides water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and contract services for industrial, commercial, and municipal water treatment markets in the United States and internationally. It operates through two segments, Integrated Solutions and Services, and Applied Product Technologies.
Further Reading
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