Northcoast Research Initiates Coverage on Evoqua Water Technologies (AQUA)
Northcoast Research began coverage on shares of Evoqua Water Technologies (NYSE:AQUA) in a report issued on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $14.00 price objective on the stock.
Other equities analysts have also issued research reports about the company. Raymond James raised Evoqua Water Technologies from an outperform rating to a strong-buy rating and set a $26.00 price target on the stock in a research note on Tuesday, October 2nd. Berenberg Bank began coverage on Evoqua Water Technologies in a research note on Wednesday, October 3rd. They set a hold rating and a $19.00 target price on the stock. Cowen lowered Evoqua Water Technologies from an outperform rating to a market perform rating in a research note on Wednesday, October 31st. Finally, Citigroup decreased their target price on Evoqua Water Technologies from $25.00 to $14.00 and set a buy rating on the stock in a research note on Wednesday, October 31st. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $20.75.
Shares of Evoqua Water Technologies stock opened at $9.96 on Friday. Evoqua Water Technologies has a 52 week low of $7.92 and a 52 week high of $25.36.
In related news, insider Snehal Desai purchased 10,927 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were bought at an average price of $8.51 per share, for a total transaction of $92,988.77. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James M. Kohosek purchased 25,000 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were bought at an average price of $9.79 per share, for a total transaction of $244,750.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 98,345 shares of company stock worth $910,544.
A number of hedge funds and other institutional investors have recently modified their holdings of AQUA. Royal Bank of Canada increased its holdings in Evoqua Water Technologies by 505.6% during the 1st quarter. Royal Bank of Canada now owns 11,997 shares of the company’s stock worth $255,000 after purchasing an additional 10,016 shares during the period. First Trust Advisors LP purchased a new stake in Evoqua Water Technologies during the 2nd quarter worth about $13,583,000. Jennison Associates LLC increased its holdings in Evoqua Water Technologies by 2.2% during the 2nd quarter. Jennison Associates LLC now owns 2,159,610 shares of the company’s stock worth $44,272,000 after purchasing an additional 47,108 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Evoqua Water Technologies during the 2nd quarter worth about $578,000. Finally, Rhumbline Advisers increased its holdings in Evoqua Water Technologies by 107.4% during the 2nd quarter. Rhumbline Advisers now owns 71,267 shares of the company’s stock worth $1,461,000 after purchasing an additional 36,898 shares during the period.
Evoqua Water Technologies Company 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 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.
Recommended Story: Why do corrections happen?
Receive News & Ratings for Evoqua Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evoqua Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.