Evoqua Water Technologies Corp (NYSE:AQUA) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,720,000 shares, a drop of 14.0% from the August 30th total of 2,000,000 shares. Based on an average daily volume of 463,100 shares, the short-interest ratio is presently 3.7 days. Currently, 2.2% of the shares of the company are sold short.

A number of brokerages recently commented on AQUA. Credit Suisse Group raised their price objective on shares of Evoqua Water Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. raised their price objective on shares of Evoqua Water Technologies from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday. Raymond James raised their price objective on shares of Evoqua Water Technologies from $16.00 to $19.00 and gave the company a “strong-buy” rating in a research report on Tuesday, October 1st. Royal Bank of Canada restated a “buy” rating and issued a $16.00 price objective on shares of Evoqua Water Technologies in a research report on Thursday, August 8th. Finally, Citigroup downgraded shares of Evoqua Water Technologies from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Monday, July 8th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.86.

Shares of NYSE:AQUA opened at $16.20 on Friday. Evoqua Water Technologies has a 52 week low of $7.92 and a 52 week high of $17.50. The company has a 50-day moving average price of $15.98 and a 200 day moving average price of $14.06.

Evoqua Water Technologies (NYSE:AQUA) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.07). The company had revenue of $360.30 million for the quarter, compared to analysts’ expectations of $359.07 million. During the same period in the prior year, the firm posted $0.08 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Evoqua Water Technologies during the 2nd quarter valued at approximately $49,000. Tortoise Capital Advisors L.L.C. lifted its position in shares of Evoqua Water Technologies by 1,855.6% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 4,752 shares of the company’s stock valued at $68,000 after acquiring an additional 4,509 shares during the period. Bank of Montreal Can lifted its position in shares of Evoqua Water Technologies by 301.1% during the 2nd quarter. Bank of Montreal Can now owns 8,407 shares of the company’s stock valued at $120,000 after acquiring an additional 6,311 shares during the period. Aperio Group LLC acquired a new stake in shares of Evoqua Water Technologies during the 2nd quarter valued at approximately $144,000. Finally, Marshall Wace North America L.P. lifted its position in shares of Evoqua Water Technologies by 37.4% during the 1st quarter. Marshall Wace North America L.P. now owns 11,650 shares of the company’s stock valued at $147,000 after acquiring an additional 3,172 shares during the period.

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 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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