Citadel Advisors LLC Acquires 1,010,752 Shares of Evoqua Water Technologies (AQUA)
Citadel Advisors LLC boosted its holdings in shares of Evoqua Water Technologies (NYSE:AQUA) by 58.0% during the 1st quarter, HoldingsChannel reports. The fund owned 2,752,016 shares of the company’s stock after buying an additional 1,010,752 shares during the period. Citadel Advisors LLC’s holdings in Evoqua Water Technologies were worth $58,590,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of AQUA. Bank of Montreal Can bought a new position in Evoqua Water Technologies during the 4th quarter worth about $145,000. Schwab Charles Investment Management Inc. bought a new position in Evoqua Water Technologies during the 4th quarter worth about $2,825,000. Strs Ohio bought a new position in Evoqua Water Technologies during the 4th quarter worth about $218,000. Gilder Gagnon Howe & Co. LLC bought a new position in Evoqua Water Technologies during the 4th quarter worth about $1,859,000. Finally, Kornitzer Capital Management Inc. KS bought a new position in Evoqua Water Technologies during the 4th quarter worth about $38,625,000.
Several research analysts have issued reports on AQUA shares. Stifel Nicolaus upgraded shares of Evoqua Water Technologies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, May 8th. Robert W. Baird raised their price target on shares of Evoqua Water Technologies from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.63.
Evoqua Water Technologies (NYSE:AQUA) last released its quarterly earnings results on Tuesday, May 8th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Evoqua Water Technologies had a negative net margin of 1.01% and a negative return on equity of 5.33%. The business had revenue of $333.69 million for the quarter, compared to analysts’ expectations of $321.36 million. During the same period last year, the business earned $0.10 EPS. The company’s revenue was up 11.3% compared to the same quarter last year.
In related news, major shareholder Investors Lp Aea sold 10,953,746 shares of Evoqua Water Technologies stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $21.29, for a total value of $233,205,252.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vincent Grieco sold 22,978 shares of Evoqua Water Technologies stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $21.29, for a total transaction of $489,201.62. The disclosure for this sale can be found here. Insiders sold a total of 11,531,357 shares of company stock worth $245,502,591 over the last 90 days.
About Evoqua Water Technologies
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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