Evoqua Water Technologies Corp. (NYSE:AQUA) shares traded 0.95% higher at $49.88 on Wall Street last session.
In accordance with the data, 7 analysts cover Evoqua Water Technologies Corp. (NYSE:AQUA). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $55.00 and a low of $50.00, we find $51.00. Given the previous closing price of $49.41, this indicates a potential upside of 3.22 percent. AQUA stock price is now 2.34% away from the 50-day moving average and 16.22% away from the 200-day moving average. The market capitalization of the company currently stands at $6.07B.
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It has been rated a hold by 6 analysts and a buy by 1. Brokers who have rated the stock have averaged $51.50 as their price target over the next twelve months.
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In other news, Aulick Rodney, Executive Vice President sold 200 shares of the company’s stock on May 08. The stock was sold for $10,420 at an average price of $52.10. Upon completion of the transaction, the Executive Vice President now directly owns 127,001 shares in the company, valued at $6.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07, Executive Vice President Aulick Rodney sold 6,494 shares of the business’s stock. A total of $326,997 was realized by selling the stock at an average price of $50.35. This leaves the insider owning 127,001 shares of the company worth $6.33 million. Insiders disposed of 298,193 shares of company stock worth roughly $14.87 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AQUA stock. A new stake in Evoqua Water Technologies Corp. shares was purchased by PENTWATER CAPITAL MANAGEMENT LP during the first quarter worth $184,556,000. MAGNETAR FINANCIAL LLC invested $87,286,000 in shares of AQUA during the first quarter. In the first quarter, PICTON MAHONEY ASSET MANAGEMENT acquired a new stake in Evoqua Water Technologies Corp. valued at approximately $37,410,000. AQR ARBITRAGE LLC acquired a new stake in AQUA for approximately $35,663,000. VERSOR INVESTMENTS LP purchased a new stake in AQUA valued at around $33,933,000 in the second quarter. In total, there are 467 active investors with 103.31% ownership of the company’s stock.
During the past 12 months, Evoqua Water Technologies Corp. has had a low of $30.44 and a high of $52.30. As of last week, the company has a debt-to-equity ratio of 1.20, a current ratio of 1.80, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $7.03B, which is based on a 79.17 price-to-earnings ratio, a 5.28 price-to-earnings-growth ratio, and a beta of 1.79. The fifty day moving average price for AQUA is $48.81 and a two-hundred day moving average price translates $42.98 for the stock.
The latest earnings results from Evoqua Water Technologies Corp. (NYSE: AQUA) was released for Mar, 2023. According to the Pollution & Treatment Controls Company, earnings per share came in at $0.33, beating analysts’ expectations of $0.22 by 0.11. This compares to $0.06 EPS in the same period last year. The net profit margin was 4.20% and return on equity was 11.10% for AQUA. The company reported revenue of $477.8 million for the quarter, compared to $426.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.97 percent. For the current quarter, analysts expect AQUA to generate $474.89M in revenue.
Evoqua Water Technologies Corp.(AQUA) Company Profile
Evoqua Water Technologies Corp. provides water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and contract services for industrial, commercial, and municipal water treatment markets in the United States and internationally. It operates through two segments, Integrated Solutions and Services, and Applied Product Technologies. The Integrated Solutions and Services segment offers outsourced water service contracts, capital systems and related recurring aftermarket services, parts and consumables, and emergency services for treating process water, utility water, and wastewater. This segment also provides odor and corrosion control services and drinking water treatment systems for municipalities. It serves manufacturing, healthcare, pharmaceuticals, biotech, power, microelectronics, chemical processing, food and beverage, and refining industries. The Applied Product Technologies segment provides advanced filtration and separation products, such as VAF self-cleaning filters, Ionpure electrodeionization systems, and Vortisand filtration systems, as well as filter presses and related consumables, and aftermarket products for customers in the microelectronics, pharmaceutical, and power end markets. It also offers disinfection solutions, including chemical and non-chemical disinfection technologies comprising low and medium pressure ultraviolet, ozone, onsite hypochlorite generation, and chlorine and chlorine dioxide systems for municipal drinking water, industrial, light manufacturing, commercial, and aquatics markets. In addition, this segment provides wastewater technologies, including biological treatment, clarification, filtration, nutrient removal, biosolid, and field-erected biological wastewater treatment plant solutions; and aftermarket and retrofit solutions. Further, it offers aquatics and electrochlorination solutions. The company was incorporated in 2013 and is headquartered in Pittsburgh, Pennsylvania.
