Gamco Investors INC. ET AL reduced its position in shares of Evoqua Water Technologies Corp (NYSE:AQUA) by 6.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 325,846 shares of the company’s stock after selling 23,847 shares during the period. Gamco Investors INC. ET AL’s holdings in Evoqua Water Technologies were worth $4,640,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of AQUA. Steward Partners Investment Advisory LLC acquired a new stake in Evoqua Water Technologies in the second quarter worth $49,000. Quantamental Technologies LLC acquired a new stake in Evoqua Water Technologies in the first quarter worth $76,000. Aperio Group LLC acquired a new stake in Evoqua Water Technologies in the second quarter worth $144,000. Marshall Wace North America L.P. increased its position 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 buying an additional 3,172 shares during the period. Finally, Emerald Advisers LLC acquired a new stake in Evoqua Water Technologies in the first quarter worth $186,000.
AQUA has been the topic of several analyst reports. Credit Suisse Group increased their target price on Evoqua Water Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $16.00 target price on shares of Evoqua Water Technologies in a research report on Thursday, August 8th. Finally, Citigroup lowered Evoqua Water Technologies from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Monday, July 8th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $16.43.
NYSE:AQUA opened at $16.86 on Friday. Evoqua Water Technologies Corp has a 1 year low of $7.92 and a 1 year high of $18.99. The business has a fifty day moving average of $14.90 and a 200-day moving average of $13.64.
Evoqua Water Technologies (NYSE:AQUA) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.07). The firm had revenue of $360.30 million during the quarter, compared to the consensus estimate of $359.07 million. During the same period last year, the firm posted $0.08 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis.
Evoqua Water Technologies Company Profile
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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