Handelsbanken Fonder AB Increases Holdings in Evoqua Water Technologies Corp (AQUA)

Handelsbanken Fonder AB grew its position in Evoqua Water Technologies Corp (NYSE:AQUA) by 70.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 630,000 shares of the company’s stock after acquiring an additional 260,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Evoqua Water Technologies were worth $11,201,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Amalgamated Bank bought a new stake in shares of Evoqua Water Technologies in the 2nd quarter worth approximately $236,000. Teacher Retirement System of Texas bought a new position in shares of Evoqua Water Technologies during the 2nd quarter worth approximately $237,000. Royal Bank of Canada lifted its position in shares of Evoqua Water Technologies by 505.6% during the 1st quarter. Royal Bank of Canada now owns 11,997 shares of the company’s stock worth $255,000 after buying an additional 10,016 shares during the period. Barclays PLC lifted its position in shares of Evoqua Water Technologies by 79.9% during the 1st quarter. Barclays PLC now owns 13,653 shares of the company’s stock worth $291,000 after buying an additional 6,062 shares during the period. Finally, Citigroup Inc. lifted its position in shares of Evoqua Water Technologies by 64.0% during the 1st quarter. Citigroup Inc. now owns 15,957 shares of the company’s stock worth $340,000 after buying an additional 6,228 shares during the period.

Shares of Evoqua Water Technologies stock traded up $0.11 during midday trading on Friday, hitting $14.82. 888 shares of the company were exchanged, compared to its average volume of 720,062. Evoqua Water Technologies Corp has a 52 week low of $14.58 and a 52 week high of $25.36.

Evoqua Water Technologies (NYSE:AQUA) last posted its earnings results on Tuesday, August 7th. The company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $342.48 million during the quarter, compared to the consensus estimate of $342.99 million. Evoqua Water Technologies had a negative return on equity of 5.33% and a negative net margin of 1.01%.

Several equities analysts recently commented on the company. Berenberg Bank assumed coverage on Evoqua Water Technologies in a research report on Wednesday, October 3rd. They set a “hold” rating and a $19.00 target price for the company. Raymond James upgraded Evoqua Water Technologies from an “outperform” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research report on Tuesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.11.

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 through three segments: Industrial, Municipal, and Products. The Industrial segment provides capital systems and related recurring aftermarket services, parts, and consumables 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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