Massachusetts Financial Services Co. MA increased its stake in shares of Evoqua Water Technologies Corp (NYSE:AQUA) by 24.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,204,607 shares of the company’s stock after buying an additional 235,698 shares during the period. Massachusetts Financial Services Co. MA owned 1.06% of Evoqua Water Technologies worth $24,694,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Wells Fargo & Company MN increased its stake in Evoqua Water Technologies by 69.7% during the 1st quarter. Wells Fargo & Company MN now owns 4,763,591 shares of the company’s stock worth $101,418,000 after purchasing an additional 1,956,033 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Evoqua Water Technologies by 66.3% in the 1st quarter. BlackRock Inc. now owns 3,760,515 shares of the company’s stock valued at $80,061,000 after buying an additional 1,499,796 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Evoqua Water Technologies by 33.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,104,622 shares of the company’s stock valued at $66,098,000 after buying an additional 779,784 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Evoqua Water Technologies by 111.8% in the 1st quarter. American Century Companies Inc. now owns 2,978,938 shares of the company’s stock valued at $63,422,000 after buying an additional 1,572,358 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of Evoqua Water Technologies by 58.0% in the 1st quarter. Citadel Advisors LLC now owns 2,752,016 shares of the company’s stock valued at $58,590,000 after buying an additional 1,010,752 shares during the last quarter.
Separately, Stifel Nicolaus raised Evoqua Water Technologies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, May 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Evoqua Water Technologies currently has a consensus rating of “Buy” and an average price target of $24.63.
Evoqua Water Technologies (NYSE:AQUA) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Evoqua Water Technologies had a negative return on equity of 5.33% and a negative net margin of 1.01%. The business had revenue of $342.48 million for the quarter, compared to analyst estimates of $342.99 million.
Evoqua Water Technologies 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 through three segments: Industrial, Municipal, and Products. The Industrial segment provides capital systems and related recurring aftermarket services, parts, and consumables for treating industrial process water, utility water, and wastewater.
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