Short Interest in Evoqua Water Technologies Corp. (NYSE:AQUA … – Best Stocks
There was a sizeable cut in the overall number of short positions held in Evoqua Water Technologies Corporation (NYSE: AQUA) during December. There were 2,010,000 shares borrowed as of November 30, but as of December 15, there were only 1,780,000 shares borrowed, a decrease of 11.4% from the number of shares borrowed as of November 30. There is typically a short position on approximately 1.5% of the company’s total shares at any given time. Based on an average daily volume of 625,900 shares traded, the days-to-cover ratio is currently at 2.8 days. This number was arrived at by using the data.
Recently, a number of hedge funds and other types of institutional investors have been buying and selling company shares. Other types of institutional investors have also been involved in this activity. BlackRock Inc. increased the amount of Evoqua Water Technologies stock owned by 3.2% during the first three months of 2018. BlackRock Inc. purchased 450,010 shares of the company’s stock during the most recent quarter, bringing the total number of shares owned by the company to 14,342,255 with a value of $673,798,000. The value of Invesco Ltd.’s holdings in Evoqua Water Technologies rose by 10.5% during the first three months of the year. After purchasing 713,929 additional shares during the most recent quarter, Invesco Ltd. now owns 7,540,421 shares of the company’s stock. Based on the stock’s current price, this gives the company a market value of $354,248,000. In the second quarter, Victory Capital Management Inc. made a 16.3% increase in the amount of Evoqua Water Technologies stock it owned, bringing its total percentage of ownership to 100%. Victory Capital Management Inc. now holds a total of 3,262,978 shares of the company’s stock, which have a value of $106,080,000 thanks to the purchase of an additional 456,952 shares of the company’s stock over the past three months. During the second quarter, Pictet Asset Management SA increased the percentage of Evoqua Water Technologies in which it has invested by 160.9%, bringing the total amount of its investments in Evoqua Water Technologies to 1. As a result of the acquisition of an additional 1,498,706 shares over the most recent three months, Pictet Asset Management SA now owns 2,430,152 shares in the company. These shares have a total value of $79,004,000, which was achieved due to the acquisition of an additional 1,498,706 shares over the most recent three months.
Last but not least, during the first quarter, State Street Corporation made a 3.1% increase in the amount of Evoqua Water Technologies stock it owned, making it the company’s largest stock holding. After acquiring 72,538 shares during the most recent quarter, State Street Corp. now owns a total of 2,424,809 shares, with a total value of $113,918,000. This brings the total value of State Street Corp.’s direct shareholdings to 2,424,809 shares of buying and selling shares of the company. Other types of institutional investors have also been involved in this activity. BlackRock Inc. increased the amount of Evoqua Water Technologies stock owned by 3.2% during the first three months of 2018. BlackRock Inc. purchased 450,010 shares of the company’s stock during the most recent quarter, bringing the total number of shares owned by the company to 14,342,255 with a value of $673,798,000. The value of Invesco Ltd.’s holdings in Evoqua Water Technologies rose by 10.5% during the first three months of the year. After purchasing 713,929 additional shares during the most recent quarter, Invesco Ltd. now owns 7,540,421 shares of the company’s stock. Based on the stock’s current price, this gives the company a market value of $354,248,000. In the second quarter, Victory Capital Management Inc. made a 16.3% increase in the amount of Evoqua Water Technologies stock it owned, bringing its total percentage of ownership to 100%. Victory Capital Management Inc. now holds a total of 3,262,978 shares of the company’s stock, which have a value of $106,080,000 thanks to the purchase of an additional 456,952 shares of the company’s stock over the past three months. During the second quarter, Pictet Asset Management SA increased the percentage of Evoqua Water Technologies in which it has invested by 160.9%, bringing the total amount of its investments in Evoqua Water Technologies to 1. As a result of the acquisition of an additional 1,498,706 shares over the most recent three months, Pictet Asset Management SA now owns 2,430,152 shares in the company. These shares have a total value of $79,004,000, which was achieved due to the acquisition of an additional 1,498,706 shares over the most recent three months.
Last but not least, during the first quarter, State Street Corporation made a 3.1% increase in the amount of Evoqua Water Technologies stock it owned, making it the company’s largest stock holding. After acquiring 72,538 shares during the most recent quarter, State Street Corp. now owns a total of 2,424,809 shares, with a total value of $113,918,000. This brings the total value of State Street Corp.’s direct shareholdings to 2,424,809 shares. Large financial institutions own most of the company’s stock, which accounts for 93.46 percent of the total.
In recent years, a wide variety of scientific investigations have concentrated their attention on aqua as the subject of their investigation. Oppenheimer downgraded Evoqua Water Technologies from an “outperform” rating to a “market perform” rating, and the investment firm also established a $45.00 price target for the company. The study note was made available for use by the general public on November 16, a Wednesday. According to a report made available to the general public on November 16, Stifel Nicolaus announced that they had increased their price objective on Evoqua Water Technologies from $43.00 to $50.00. In a report distributed on Wednesday, November 16, by Goldman Sachs Group, an increase in the price objective for Evoqua Water Technologies was recommended. The price objective was increased to $50.00, and a “buy” rating was assigned to the company. Previously, it was $45.00. The Royal Bank of Canada stated in a study that was made public on November 16 that the price objective for Evoqua Water Technologies had been increased from $44.00 to $51.00. Citigroup stated in a report that was released on November 16 that their price objective for Evoqua Water Technologies had been raised from $37.00 to $45.00. The report was published online. This was the final item that was discussed at the meeting. Two research experts strongly recommend that investors keep their current position with the stock, while four research analysts have given the stock a buy rating. Investors should keep their current position in the stock. According to the data provided by Bloomberg, the current average rating for Evoqua Water Technologies is “Moderate Buy,” and the price objective that has been widely agreed upon is $47.50. Additionally, most people have agreed that the price target is $47.50.
When trading first started on Monday, the price of a share of Evoqua Water Technologies was $39.60 per share. The quick ratio is 1.24, the current ratio is 1.72, and the debt-to-equity ratio is 1.2. All of these numbers are relative to the total amount of debt. All these figures should be interpreted in light of the overall sum owed. During the last 52 weeks, the price of a share of Evoqua Water Technologies has fluctuated between $30.44 and $48.49. The stock currently has a price-to-earnings ratio of 68.28, a market value of $4.83 billion, a price-to-growth ratio of 3.27, and a beta value of 1.72. The price-to-growth ratio measures how the stock’s price compares to its earnings growth rate. The stock’s moving average over the past 50 days is $40.93, and its moving average over the past 200 days is $37.34.
The most recent quarterly profits of Evoqua Water Technologies (NYSE: AQUA) were reported on November 15, exactly one week after the company’s annual meeting. The company announced earnings per share for the quarter of $0.42, which was $0.13 higher than the consensus estimate among analysts, who had predicted earnings per share of $0.29. Evoqua Water Technologies had a return on equity of 16.40% and a net margin of 4.16%, which are respectable figures for a business. Market observers predicted that the company would bring in sales of $463.90 million during the quarter, but it brought in sales of $504.76 million instead. Sell-side analysts forecast that Evoqua Water Technologies will generate $0.81 per share earnings during the current fiscal year.
The municipal, commercial, and industrial water treatment markets are some of the ones that Evoqua Water Technologies Corp. serves in the United States and internationally. The company offers emergency water supply solutions in addition to contract services, mobile water supply solutions, and solutions for supplying water in an emergency. Applied Product Technologies and Integrated Solutions and Services are the names of the company’s respective divisions. The company is organized into these two sections.
Ronald Kaufman is a veteran analyst and researcher with an expertise in the fields of Pharma, Cyber, FoodTech and Blockchain. He has been published on entrepreneur.com, GuruFocus, Finextra Research and others. He is currently a researcher at the Future Markets Research Tank (FMRT), where he does deep-dive market analysis and research in a number of industries.
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