Rhumbline Advisers increased its position in shares of Evoqua Water Technologies Corp (NYSE:AQUA) by 49.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,509 shares of the company’s stock after buying an additional 32,827 shares during the quarter. Rhumbline Advisers’ holdings in Evoqua Water Technologies were worth $955,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of AQUA. Handelsbanken Fonder AB grew its stake in shares of Evoqua Water Technologies by 84.6% during the fourth quarter. Handelsbanken Fonder AB now owns 1,163,270 shares of the company’s stock valued at $11,167,000 after buying an additional 533,270 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Evoqua Water Technologies by 83.3% during the fourth quarter. Gabelli Funds LLC now owns 258,800 shares of the company’s stock valued at $2,484,000 after buying an additional 117,600 shares during the last quarter. Teton Advisors Inc. bought a new position in shares of Evoqua Water Technologies during the fourth quarter valued at about $437,000. Gamco Investors INC. ET AL grew its stake in shares of Evoqua Water Technologies by 281.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 374,235 shares of the company’s stock valued at $3,593,000 after buying an additional 276,135 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Evoqua Water Technologies during the fourth quarter valued at about $75,000.
AQUA has been the topic of several research reports. Northcoast Research initiated coverage on Evoqua Water Technologies in a research report on Friday, December 7th. They set a “buy” rating and a $14.00 price objective on the stock. Goldman Sachs Group raised Evoqua Water Technologies from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, February 26th. Finally, Credit Suisse Group initiated coverage on Evoqua Water Technologies in a research report on Wednesday, December 12th. They set a “neutral” rating and a $11.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Evoqua Water Technologies currently has a consensus rating of “Buy” and an average target price of $16.57.
Evoqua Water Technologies (NYSE:AQUA) last posted its quarterly earnings data on Tuesday, February 5th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). The business had revenue of $232.00 million during the quarter, compared to analyst estimates of $311.99 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The business’s quarterly revenue was down 20.3% on a year-over-year basis.
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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 in three segments: Industrial, Municipal, and Products. The Industrial segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services for treating industrial process water, utility water, and wastewater.
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