Evoqua Water Technologies (NYSE:AQUA) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a report issued on Wednesday, Zacks.com reports.
According to Zacks, "Evoqua Water Technologies Corp. is a provider of mission critical water treatment solutions. The company offer services, systems and technologies to support customers' full water lifecycle. Its operating segment consists of Industrial, Municipal and Products. Industrial Segment provides fully-integrated systems and service solutions. Municipal Segment provides engineered solutions and equipment for the treatment of wastewater, purification of drinking water and odor and corrosion control for municipalities. Products Segment sells differentiated technologies to a diverse set of water treatment system specifiers, integrators and end users globally. Evoqua Water Technologies Corp. is based in PITTSBURGH, United States. "
AQUA has been the subject of a number of other reports. Raymond James increased their price objective on Evoqua Water Technologies from $35.00 to $37.00 and gave the stock an "outperform" rating in a report on Wednesday, August 4th. Credit Suisse Group increased their price objective on Evoqua Water Technologies from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, August 4th. Royal Bank of Canada increased their price target on Evoqua Water Technologies from $34.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, June 16th. They noted that the move was a valuation call. Robert W. Baird increased their price target on Evoqua Water Technologies from $32.00 to $41.00 and gave the company an "outperform" rating in a research report on Wednesday, August 4th. Finally, Citigroup increased their price target on Evoqua Water Technologies from $31.00 to $37.00 and gave the company a "neutral" rating in a research report on Wednesday, August 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Evoqua Water Technologies has a consensus rating of "Buy" and a consensus target price of $35.22.
NYSE AQUA traded up $0.14 on Wednesday, reaching $37.64. The company had a trading volume of 15,787 shares, compared to its average volume of 1,137,485. The stock's 50 day moving average is $35.79 and its 200-day moving average is $31.43. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 81.83 and a beta of 1.90. The company has a quick ratio of 1.36, a current ratio of 1.79 and a debt-to-equity ratio of 1.43. Evoqua Water Technologies has a 52 week low of $18.60 and a 52 week high of $39.95.
Evoqua Water Technologies (NYSE:AQUA) last released its quarterly earnings data on Tuesday, August 3rd. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). Evoqua Water Technologies had a net margin of 3.93% and a return on equity of 13.58%. The company had revenue of $369.68 million during the quarter, compared to the consensus estimate of $364.15 million. During the same quarter in the prior year, the company posted $0.20 EPS. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts forecast that Evoqua Water Technologies will post 0.6 EPS for the current year.
In other news, EVP Herve Fages sold 8,111 shares of Evoqua Water Technologies stock in a transaction on Friday, August 6th. The stock was sold at an average price of $36.51, for a total value of $296,132.61. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rodney Aulick sold 12,987 shares of the firm's stock in a transaction on Friday, July 2nd. The shares were sold at an average price of $33.58, for a total value of $436,103.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,959 shares of company stock worth $5,187,750. Corporate insiders own 4.39% of the company's stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AQUA. Ameritas Investment Company LLC acquired a new position in Evoqua Water Technologies during the 1st quarter worth about $26,000. Banque Cantonale Vaudoise acquired a new position in Evoqua Water Technologies during the 2nd quarter worth about $32,000. CoreFirst Bank & Trust acquired a new position in Evoqua Water Technologies during the 1st quarter worth about $53,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Evoqua Water Technologies by 32.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,591 shares of the company's stock worth $94,000 after buying an additional 875 shares during the period. Finally, US Bancorp DE lifted its holdings in Evoqua Water Technologies by 2,762.5% during the 1st quarter. US Bancorp DE now owns 5,038 shares of the company's stock worth $133,000 after buying an additional 4,862 shares during the period. 93.99% of the stock is currently owned by institutional investors.
Evoqua Water Technologies Company Profile
Evoqua Water Technologies Corp. is a holding company, which engages in the provision of water treatment solutions. It operates through the Integrated Solutions and Services and Applied Product Technologies business segments. The Integrated Solutions and Services segment focuses on engaging directly with end users.
See Also: What are economic reports?
Get a free copy of the Zacks research report on Evoqua Water Technologies (AQUA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Evoqua Water Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Evoqua Water Technologies wasn't on the list.
While Evoqua Water Technologies currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here