Evoqua Water Technologies’ (NYSE:AQUA) quiet period will expire on Tuesday, December 12th. Evoqua Water Technologies had issued 27,777,777 shares in its public offering on November 2nd. The total size of the offering was $499,999,986 based on an initial share price of $18.00. During Evoqua Water Technologies’ quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

AQUA has been the topic of a number of research reports. Cowen initiated coverage on Evoqua Water Technologies in a research report on Tuesday, November 21st. They set an “outperform” rating and a $24.00 price objective on the stock. Citigroup initiated coverage on Evoqua Water Technologies in a research report on Monday, November 27th. They set a “buy” rating and a $26.00 price objective on the stock. Goldman Sachs Group initiated coverage on Evoqua Water Technologies in a research report on Monday, November 27th. They set a “neutral” rating and a $22.00 price objective on the stock. Stifel Nicolaus initiated coverage on Evoqua Water Technologies in a research report on Monday, November 27th. They set a “hold” rating and a $23.00 price objective on the stock. Finally, Royal Bank Of Canada initiated coverage on Evoqua Water Technologies in a research report on Monday, November 27th. They set an “outperform” rating and a $25.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $23.88.

Shares of Evoqua Water Technologies (NYSE AQUA) opened at $22.50 on Tuesday. Evoqua Water Technologies has a 52-week low of $19.10 and a 52-week high of $23.22.

In other Evoqua Water Technologies news, major shareholder British Columbia Investment Ma sold 2,815,565 shares of Evoqua Water Technologies stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $16.92, for a total transaction of $47,639,359.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Benedict J. Stas bought 2,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $18.00 per share, for a total transaction of $36,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 6,000 shares of company stock worth $108,000 over the last ninety days.

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About Evoqua Water Technologies

Evoqua Water Technologies Corp. is focused on providing water treatment solutions. The Company is offering services, systems and technologies to support customers’ full water lifecycle needs. The Company offers a comprehensive portfolio of differentiated, proprietary technology solutions. The Company operates through three segments Industrial, Municipal and Products.

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