Insider Selling: AquaVenture Holdings Ltd (WAAS) Director Sells 5,203 Shares of Stock

AquaVenture Holdings Ltd (NYSE:WAAS) Director Evan Lovell sold 5,203 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $19.01, for a total value of $98,909.03. Following the completion of the transaction, the director now owns 7,617 shares in the company, valued at $144,799.17. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Evan Lovell also recently made the following trade(s):

  • On Wednesday, March 20th, Evan Lovell sold 2,200 shares of AquaVenture stock. The stock was sold at an average price of $19.19, for a total value of $42,218.00.

WAAS stock traded up $0.37 during midday trading on Friday, hitting $19.69. 18,827 shares of the company’s stock were exchanged, compared to its average volume of 64,646. The company has a quick ratio of 2.12, a current ratio of 2.48 and a debt-to-equity ratio of 0.93. AquaVenture Holdings Ltd has a 12-month low of $13.64 and a 12-month high of $23.35. The company has a market capitalization of $530.33 million, a PE ratio of -25.24 and a beta of 0.76.

AquaVenture (NYSE:WAAS) last posted its quarterly earnings data on Wednesday, February 27th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.05). The business had revenue of $41.80 million for the quarter, compared to analysts’ expectations of $38.72 million. AquaVenture had a negative return on equity of 6.14% and a negative net margin of 14.31%. AquaVenture’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.25) earnings per share. As a group, sell-side analysts anticipate that AquaVenture Holdings Ltd will post -0.66 EPS for the current year.

WAAS has been the topic of several analyst reports. ValuEngine upgraded AquaVenture from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 6th. Citigroup set a $26.00 target price on AquaVenture and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, Zacks Investment Research downgraded AquaVenture from a “buy” rating to a “hold” rating in a report on Friday, March 29th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $25.75.

Several institutional investors and hedge funds have recently modified their holdings of WAAS. Monarch Partners Asset Management LLC grew its position in shares of AquaVenture by 530.3% in the 4th quarter. Monarch Partners Asset Management LLC now owns 256,294 shares of the company’s stock worth $4,841,000 after acquiring an additional 215,629 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of AquaVenture by 61.5% in the 3rd quarter. Renaissance Technologies LLC now owns 373,100 shares of the company’s stock worth $6,742,000 after acquiring an additional 142,100 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of AquaVenture by 176.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 202,670 shares of the company’s stock worth $3,662,000 after acquiring an additional 129,237 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of AquaVenture by 27.1% in the 4th quarter. Handelsbanken Fonder AB now owns 571,933 shares of the company’s stock worth $10,804,000 after acquiring an additional 121,933 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning acquired a new position in shares of AquaVenture in the 4th quarter worth approximately $1,737,000. Institutional investors own 34.13% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Insider Selling: AquaVenture Holdings Ltd (WAAS) Director Sells 5,203 Shares of Stock” was originally posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/05/04/aquaventure-holdings-ltd-waas-director-evan-lovell-sells-5203-shares-of-stock.html.

AquaVenture Company Profile

AquaVenture Holdings Ltd. engages in the provision of water purification services. It operates through Seven Seas Water and Quench segments. The Seven Seas Water segment delivers treated bulk water to governmental, municipal, industrial, and hospitality customers. The Quench segment focuses in the rental and servicing of POU water filtration systems and related equipment, such as ice and sparkling water machines, and from the contracted maintenance of customer-owned equipment.

Featured Article: Backdoor Roth IRA Conversion and Strategy

Receive News & Ratings for AquaVenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AquaVenture and related companies with MarketBeat.com's FREE daily email newsletter.