Ronald C. Keating Sells 400,000 Shares of Evoqua Water Technologies Corp. (NYSE:AQUA) Stock

Evoqua Water Technologies Corp. (NYSE:AQUA) CEO Ronald C. Keating sold 400,000 shares of Evoqua Water Technologies stock in a transaction on Friday, January 8th. The stock was sold at an average price of $29.58, for a total transaction of $11,832,000.00. Following the sale, the chief executive officer now directly owns 854,079 shares in the company, valued at approximately $25,263,656.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of AQUA opened at $30.00 on Thursday. The firm has a market cap of $3.56 billion, a P/E ratio of 31.92 and a beta of 1.92. Evoqua Water Technologies Corp. has a 12-month low of $7.09 and a 12-month high of $31.63. The company’s 50-day moving average price is $26.43 and its 200 day moving average price is $22.65. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 1.79.

Evoqua Water Technologies (NYSE:AQUA) last issued its quarterly earnings data on Tuesday, November 17th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. The firm had revenue of $383.86 million for the quarter, compared to analyst estimates of $371.94 million. Evoqua Water Technologies had a net margin of 7.95% and a return on equity of 16.23%. Equities research analysts forecast that Evoqua Water Technologies Corp. will post 0.57 earnings per share for the current year.

AQUA has been the topic of several recent research reports. TheStreet raised shares of Evoqua Water Technologies from a “c-” rating to a “b-” rating in a research note on Tuesday, November 17th. Credit Suisse Group boosted their price target on shares of Evoqua Water Technologies from $21.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, November 18th. Zacks Investment Research raised shares of Evoqua Water Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, December 10th. Raymond James boosted their price target on shares of Evoqua Water Technologies from $33.00 to $35.00 and gave the company a “strong-buy” rating in a research report on Friday, January 8th. Finally, Robert W. Baird raised shares of Evoqua Water Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $31.00 in a research report on Wednesday, December 16th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $25.60.

Institutional investors and hedge funds have recently modified their holdings of the stock. Exane Derivatives purchased a new stake in Evoqua Water Technologies during the third quarter worth about $88,000. Great West Life Assurance Co. Can increased its stake in Evoqua Water Technologies by 44.6% during the second quarter. Great West Life Assurance Co. Can now owns 7,048 shares of the company’s stock worth $130,000 after purchasing an additional 2,173 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Evoqua Water Technologies during the second quarter worth about $130,000. C M Bidwell & Associates Ltd. increased its stake in Evoqua Water Technologies by 192.2% during the third quarter. C M Bidwell & Associates Ltd. now owns 7,718 shares of the company’s stock worth $164,000 after purchasing an additional 5,077 shares during the period. Finally, Bank of Montreal Can increased its stake in Evoqua Water Technologies by 291.1% during the second quarter. Bank of Montreal Can now owns 9,957 shares of the company’s stock worth $172,000 after purchasing an additional 7,411 shares during the period. Hedge funds and other institutional investors own 73.45% of the company’s stock.

About Evoqua Water Technologies

Evoqua Water Technologies Corp. provides water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services for industrial, commercial, and municipal water treatment markets. It operates in two segments, Integrated Solutions and Services, and Applied Product Technologies.

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