The most recent Form 13F filing that Victory Capital Management Inc. made with the SEC revealed that during the third quarter, the investment firm’s holdings in Evoqua Water Technologies Corp. (NYSE: AQUA) were reduced by 6.5%. Following the sale of 210,640 shares of the company’s stock during the above period, the corporation had a total of 3,052,338 shares of its stock in its possession. The most recent filing with the SEC revealed that Victory Capital Management Inc. controlled approximately 2.51% of the shares of Evoqua Water Technologies, which had a market value of $100,941,000 at the filing.
Recent events have resulted in institutional investors and other hedge funds reevaluating the positions they had previously held in the company and making appropriate adjustments. During the third quarter, Sentry Investment Management LLC invested $45,000 in Evoqua Water Technologies to acquire a new position in the company. During the second quarter, Nisa Investment Advisors LLC successfully increased the share of Evoqua Water Technologies, which is owned by 9.2 percent. Nisa Investment Advisors LLC now has a total of 4,260 shares following the purchase of an additional 360 shares during the most recent quarter. The company’s shares are currently valued at a combined total of $138,000. The percentage of Evoqua Water Technologies stock that Captrust Financial Advisors owned grew by 21.2% during the second quarter due to the company’s investment. After making an additional 796 share purchases during the relevant period, Captrust Financial Advisors now has 4,542 shares of the company’s stock worth $148,000. These shares were acquired during the relevant period. The acquisition of a new position at Evoqua Water Technologies cost Point72 Hong Kong Ltd. $149,000 during the second quarter of the fiscal year. Last but not least, during the first quarter, Baird Financial Group Inc. increased its holdings of Evoqua Water Technologies, which resulted in a contribution of approximately $211,000 to the total value of the company’s interests in Evoqua Water Technologies. Institutional investors and hedge funds currently own 93.46% of the company’s shares between them.
The NYSE AQUA market opened for trading on Wednesday at $41.82 per share. The stock’s moving average price over the past 200 trading days is $38.09, while the moving average price over the last 50 trading days is $41.63. Compared to the amount of equity, the debt is 1.22 times as high, the quick ratio is 1.24 times as high, and the current ratio is 1.72 times as high. The company’s market capitalization is estimated to be worth $5.10 billion. Its PE ratio is currently sitting at 72.10, its P/E/G ratio is currently sitting at 3.53, and its beta is currently at 1.72. During the past year, the price of Evoqua Water Technologies Corp. has moved in a range that began at $30.44 and ended at $48.05, with a low of $30.44 and a high of $48.05.
The most recent quarterly profits of Evoqua Water Technologies (NYSE: AQUA) were reported on November 15th, exactly one week after the company’s annual meeting. The company reported earnings per share (EPS) for the quarter at $0.42, which is $0.13 higher than the average estimate of $0.29 per share. Evoqua Water Technologies reported a return on equity of 16.40%, while the company’s net margin came in at 4.16%. The revenue for the quarter came in significantly higher than the $463.90 million that analysts had anticipated, coming in at a total of $504.76 million instead. Research analysts anticipate that Evoqua Water Technologies Corp. will generate $0.81 per share earnings during the current financial year.
Several equity analysts have recently published research articles based on their investigations into the company. Oppenheimer downgraded Evoqua Water Technologies from an “outperform” rating to a “market perform” rating, and their new price objective for the stock is $45.00. The findings of an investigation were published in a paper that was made available to the public on November 16th. The Royal Bank of Canada raised its price objective for Evoqua Water Technologies from $44.00 to $51.00 in a research note published on November 16th. Before this, the price goal was set at $45.00. Stifel Nicolaus increased its price target for Evoqua Water Technologies from $43.00 to $50.00 in a research report published on November 16th. The report’s subject matter was the company. In a research report released on November 16th, Goldman Sachs Group rated the company as a “buy” and raised their price objective on Evoqua Water Technologies from $44.00 to $50.00.
Additionally, they raised their price target for the company from $44.00 to $50.00. In addition to this, they increased their recommendation for “buying” the company. Citigroup increased its target price on Evoqua Water Technologies from $37.00 to $45.00 in a research note published on November 16th. This was the cherry on top of a delicious cake. Only one of the analysts has recommended that shareholders maintain their current holdings in the company, while the other four have given it a buy rating. According to Bloomberg.com, the company is currently regarded as having a consensus recommendation of “Moderate Buy,” Analysts have set an average price objective of $47.50 for the stock. In addition, the average price objective has been set for the stock.
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.
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