Short Interest in Evoqua Water Technologies Corp. (NYSE:AQUA … – MarketBeat
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Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,010,000 shares, a decrease of 22.4% from the November 15th total of 2,590,000 shares. Based on an average daily volume of 646,700 shares, the short-interest ratio is presently 3.1 days.
Hedge Funds Weigh In On Evoqua Water Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AQUA. Pictet Asset Management SA boosted its holdings in shares of Evoqua Water Technologies by 160.9% in the second quarter. Pictet Asset Management SA now owns 2,430,152 shares of the company’s stock valued at $79,004,000 after acquiring an additional 1,498,706 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Evoqua Water Technologies by 371.1% in the first quarter. JPMorgan Chase & Co. now owns 1,190,251 shares of the company’s stock valued at $55,918,000 after acquiring an additional 937,584 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Evoqua Water Technologies by 27,503.6% in the second quarter. Macquarie Group Ltd. now owns 796,916 shares of the company’s stock valued at $25,907,000 after acquiring an additional 794,029 shares during the period. Invesco Ltd. boosted its holdings in shares of Evoqua Water Technologies by 10.5% in the first quarter. Invesco Ltd. now owns 7,540,421 shares of the company’s stock valued at $354,248,000 after acquiring an additional 713,929 shares during the period. Finally, Amundi boosted its holdings in shares of Evoqua Water Technologies by 103.0% in the second quarter. Amundi now owns 1,298,351 shares of the company’s stock valued at $42,238,000 after acquiring an additional 658,878 shares during the period. 93.40% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Evoqua Water Technologies from $44.00 to $51.00 in a research note on Wednesday, November 16th. Oppenheimer lowered shares of Evoqua Water Technologies from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research note on Wednesday, November 16th. Citigroup boosted their price target on shares of Evoqua Water Technologies from $37.00 to $45.00 in a research note on Wednesday, November 16th. The Goldman Sachs Group upped their target price on shares of Evoqua Water Technologies from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, November 16th. Finally, Stifel Nicolaus upped their target price on shares of Evoqua Water Technologies from $43.00 to $50.00 in a research note on Wednesday, November 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.
Evoqua Water Technologies Stock Performance
Shares of AQUA opened at $41.60 on Friday. The stock has a 50 day moving average price of $39.69 and a 200 day moving average price of $36.98. The company has a quick ratio of 1.24, a current ratio of 1.72 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 71.72, a price-to-earnings-growth ratio of 3.51 and a beta of 1.72. Evoqua Water Technologies has a 52-week low of $30.44 and a 52-week high of $48.49.
Evoqua Water Technologies (NYSE:AQUA – Get Rating) last announced its quarterly earnings results on Tuesday, November 15th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.13. The firm had revenue of $504.76 million during 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%. Research analysts predict that Evoqua Water Technologies will post 0.81 EPS for the current fiscal year.
Evoqua Water Technologies Company Profile
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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.
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