Monarch Partners Asset Management LLC Invests $4.13 Million in Evoqua Water Technologies Corp (NYSE:AQUA)

Monarch Partners Asset Management LLC bought a new stake in shares of Evoqua Water Technologies Corp (NYSE:AQUA) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 242,437 shares of the company’s stock, valued at approximately $4,126,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of Evoqua Water Technologies by 0.7% during the 2nd quarter. BlackRock Inc. now owns 4,911,616 shares of the company’s stock valued at $69,941,000 after acquiring an additional 35,516 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Evoqua Water Technologies during the 2nd quarter valued at about $285,000. Aperio Group LLC acquired a new stake in shares of Evoqua Water Technologies during the 2nd quarter valued at about $144,000. Swiss National Bank boosted its position in shares of Evoqua Water Technologies by 10.0% during the 2nd quarter. Swiss National Bank now owns 148,600 shares of the company’s stock valued at $2,116,000 after acquiring an additional 13,500 shares in the last quarter. Finally, John G Ullman & Associates Inc. acquired a new stake in shares of Evoqua Water Technologies during the 2nd quarter valued at about $296,000.

Several brokerages have recently weighed in on AQUA. Raymond James lifted their target price 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. Credit Suisse Group lifted their target price 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. Royal Bank of Canada reiterated a “buy” rating and set a $16.00 target price on shares of Evoqua Water Technologies in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their target price 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, October 10th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $15.86.

NYSE:AQUA traded down $0.49 on Friday, reaching $17.44. The stock had a trading volume of 286,527 shares, compared to its average volume of 557,026. Evoqua Water Technologies Corp has a 1-year low of $7.92 and a 1-year high of $18.05. The stock has a fifty day moving average price of $16.76 and a 200-day moving average price of $14.61.

Evoqua Water Technologies (NYSE:AQUA) last released its quarterly earnings results 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 business had revenue of $360.30 million for the quarter, compared to analysts’ expectations of $359.07 million. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS.

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 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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Institutional Ownership by Quarter for Evoqua Water Technologies (NYSE:AQUA)

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