Jane Street Group LLC Takes Position in Evoqua Water Technologies Corp. (NYSE:AQUA)

Jane Street Group LLC acquired a new stake in shares of Evoqua Water Technologies Corp. (NYSE:AQUA) in the fourth quarter, HoldingsChannel reports. The firm acquired 21,000 shares of the company’s stock, valued at approximately $567,000.

Several other institutional investors have also recently modified their holdings of AQUA. BlackRock Inc. grew its position in shares of Evoqua Water Technologies by 16.1% during the fourth quarter. BlackRock Inc. now owns 8,518,101 shares of the company’s stock valued at $229,818,000 after purchasing an additional 1,182,837 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Evoqua Water Technologies by 162.6% during the fourth quarter. Janus Henderson Group PLC now owns 1,902,093 shares of the company’s stock valued at $51,328,000 after purchasing an additional 1,177,643 shares in the last quarter. Victory Capital Management Inc. grew its position in Evoqua Water Technologies by 45.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,334,645 shares of the company’s stock worth $89,969,000 after acquiring an additional 1,043,184 shares in the last quarter. Morgan Stanley grew its position in Evoqua Water Technologies by 528.1% in the fourth quarter. Morgan Stanley now owns 842,173 shares of the company’s stock worth $22,722,000 after acquiring an additional 708,099 shares in the last quarter. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in Evoqua Water Technologies in the fourth quarter worth about $13,098,000. Hedge funds and other institutional investors own 73.45% of the company’s stock.

Shares of NYSE:AQUA opened at $26.84 on Thursday. Evoqua Water Technologies Corp. has a 1 year low of $13.01 and a 1 year high of $31.63. The business has a 50 day simple moving average of $25.49 and a two-hundred day simple moving average of $25.48. The firm has a market capitalization of $3.21 billion, a PE ratio of 28.55 and a beta of 1.92. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.99 and a quick ratio of 1.58.

Evoqua Water Technologies (NYSE:AQUA) last announced its earnings results on Monday, February 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. Evoqua Water Technologies had a return on equity of 16.23% and a net margin of 7.95%. The business had revenue of $322.20 million during the quarter, compared to analyst estimates of $321.77 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. Equities research analysts expect that Evoqua Water Technologies Corp. will post 0.56 EPS for the current fiscal year.

Several research firms recently commented on AQUA. Credit Suisse Group upgraded Evoqua Water Technologies from a “neutral” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Wednesday, March 3rd. TheStreet lowered Evoqua Water Technologies from a “b-” rating to a “c” rating in a research report on Tuesday, February 2nd. Berenberg Bank upgraded Evoqua Water Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $25.00 to $34.00 in a research report on Monday, March 29th. Robert W. Baird upgraded Evoqua Water Technologies from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $30.00 to $31.00 in a research report on Wednesday, December 16th. Finally, Zacks Investment Research upgraded Evoqua Water Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, December 10th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Evoqua Water Technologies has a consensus rating of “Buy” and a consensus target price of $27.40.

In other news, Director Martin Lamb sold 55,000 shares of Evoqua Water Technologies stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $26.84, for a total transaction of $1,476,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Vincent Grieco sold 37,626 shares of Evoqua Water Technologies stock in a transaction that occurred on Friday, January 15th. The shares were sold at an average price of $29.89, for a total transaction of $1,124,641.14. Following the sale, the executive vice president now directly owns 86,157 shares of the company’s stock, valued at approximately $2,575,232.73. The disclosure for this sale can be found here. Insiders have sold 745,810 shares of company stock valued at $21,922,024 in the last ninety days. Insiders own 4.39% of the company’s stock.

Evoqua Water Technologies Company Profile

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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Institutional Ownership by Quarter for Evoqua Water Technologies (NYSE:AQUA)

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