FMR LLC purchased a new position in shares of AquaVenture Holdings Ltd (NASDAQ:WAAS) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,498,301 shares of the company’s stock, valued at approximately $36,753,000. FMR LLC owned approximately 5.68% of AquaVenture Holdings at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Ecofin Ltd. acquired a new stake in shares of AquaVenture Holdings during the fourth quarter valued at about $13,631,000. State Street Corp acquired a new stake in shares of AquaVenture Holdings during the fourth quarter valued at about $2,041,000. Finally, Federated Investors Inc. PA acquired a new stake in shares of AquaVenture Holdings during the fourth quarter valued at about $3,341,000.
Shares of AquaVenture Holdings Ltd (NASDAQ:WAAS) traded up 3.59% during trading on Friday, hitting $18.16. The stock had a trading volume of 40,776 shares. The company’s market cap is $479.21 million. AquaVenture Holdings Ltd has a one year low of $14.30 and a one year high of $26.33. The stock’s 50-day moving average price is $16.98 and its 200-day moving average price is $20.18.
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Several equities research analysts have issued reports on WAAS shares. Raymond James Financial, Inc. raised shares of AquaVenture Holdings from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, February 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded AquaVenture Holdings from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, January 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $27.00 price target on shares of AquaVenture Holdings in a report on Friday, December 23rd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $27.00.
AquaVenture Holdings Company Profile
AquaVenture Holdings LLC is a provider of Water-as-a-Service (WAAS) solutions. The Company offers its solutions in North America, the Caribbean, Latin America and the Middle East. The Company operates in two water sectors: desalination and commercial water filtration. The Company has two segments that align with its operating platforms: Seven Seas Water and Quench.
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