Evoqua Water Technologies Corp. (NYSE:AQUA) CEO Ronald C. Keating Sells 400,000 Shares of Stock

Evoqua Water Technologies Corp. (NYSE:AQUA) CEO Ronald C. Keating sold 400,000 shares of the firm’s stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $29.58, for a total transaction of $11,832,000.00. Following the completion of the transaction, the chief executive officer now directly owns 854,079 shares in the company, valued at approximately $25,263,656.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

NYSE:AQUA opened at $30.00 on Thursday. Evoqua Water Technologies Corp. has a fifty-two week low of $7.09 and a fifty-two week high of $31.63. The stock has a market capitalization of $3.56 billion, a P/E ratio of 31.92 and a beta of 1.92. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.58 and a current ratio of 1.99. The company’s 50-day simple moving average is $26.43 and its 200-day simple moving average is $22.65.

Evoqua Water Technologies (NYSE:AQUA) last released its quarterly earnings results on Tuesday, November 17th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Evoqua Water Technologies had a net margin of 7.95% and a return on equity of 16.23%. The business had revenue of $383.86 million for the quarter, compared to analysts’ expectations of $371.94 million. On average, research analysts forecast that Evoqua Water Technologies Corp. will post 0.57 EPS for the current year.

Several research analysts recently commented on AQUA shares. Royal Bank of Canada raised their price target on shares of Evoqua Water Technologies from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 18th. Smith Barney Citigroup raised their price target on shares of Evoqua Water Technologies from $25.00 to $27.00 in a research note on Wednesday, November 18th. Zacks Investment Research upgraded shares of Evoqua Water Technologies from a “sell” rating to a “hold” rating in a report on Thursday, December 10th. TheStreet upgraded shares of Evoqua Water Technologies from a “c-” rating to a “b-” rating in a report on Tuesday, November 17th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on shares of Evoqua Water Technologies from $25.00 to $27.00 in a report on Wednesday, November 18th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $25.60.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Evoqua Water Technologies by 5.7% in the 3rd quarter. BlackRock Inc. now owns 7,335,264 shares of the company’s stock worth $155,653,000 after purchasing an additional 393,120 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in Evoqua Water Technologies by 121.9% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,726,169 shares of the company’s stock worth $79,069,000 after purchasing an additional 2,047,199 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Evoqua Water Technologies by 21.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 3,184,523 shares of the company’s stock worth $67,575,000 after purchasing an additional 562,056 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Evoqua Water Technologies by 37.1% in the 3rd quarter. Victory Capital Management Inc. now owns 2,291,461 shares of the company’s stock worth $48,625,000 after purchasing an additional 619,641 shares in the last quarter. Finally, State Street Corp boosted its stake in Evoqua Water Technologies by 0.4% in the 3rd quarter. State Street Corp now owns 1,826,657 shares of the company’s stock worth $38,762,000 after purchasing an additional 7,366 shares in the last quarter. Institutional investors and hedge funds own 73.45% of the company’s stock.

About Evoqua Water Technologies

Evoqua Water Technologies Corp. provides water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services for industrial, commercial, and municipal water treatment markets. It operates in two segments, Integrated Solutions and Services, and Applied Product Technologies.

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Insider Buying and Selling by Quarter for Evoqua Water Technologies (NYSE:AQUA)

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