Evoqua Water Technologies Corp (NYSE:AQUA) reached a new 52-week low on Wednesday . The stock traded as low as $14.77 and last traded at $15.13, with a volume of 43103 shares trading hands. The stock had previously closed at $15.50.

Several equities research analysts have recently weighed in on the company. Raymond James raised Evoqua Water Technologies from an “outperform” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 2nd. Berenberg Bank assumed coverage on Evoqua Water Technologies in a research report on Wednesday, October 3rd. They issued a “hold” rating and a $19.00 price objective for the company. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $24.11.

Evoqua Water Technologies (NYSE:AQUA) last issued its earnings results on Tuesday, August 7th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $342.48 million during the quarter, compared to analyst estimates of $342.99 million. Evoqua Water Technologies had a negative return on equity of 5.33% and a negative net margin of 1.01%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Evoqua Water Technologies by 46.5% in the second quarter. BlackRock Inc. now owns 5,509,284 shares of the company’s stock valued at $112,941,000 after purchasing an additional 1,748,769 shares in the last quarter. Jennison Associates LLC raised its stake in Evoqua Water Technologies by 2.2% during the second quarter. Jennison Associates LLC now owns 2,159,610 shares of the company’s stock worth $44,272,000 after acquiring an additional 47,108 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in Evoqua Water Technologies by 11.1% during the second quarter. Kornitzer Capital Management Inc. KS now owns 1,838,972 shares of the company’s stock worth $37,699,000 after acquiring an additional 183,445 shares in the last quarter. FMR LLC raised its stake in Evoqua Water Technologies by 10.0% during the second quarter. FMR LLC now owns 1,707,335 shares of the company’s stock worth $35,000,000 after acquiring an additional 155,585 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Evoqua Water Technologies by 24.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,204,607 shares of the company’s stock worth $24,694,000 after acquiring an additional 235,698 shares in the last quarter.

About Evoqua Water Technologies (NYSE:AQUA)

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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