Sei Investments Co. Lowers Stock Holdings in Evoqua Water Technologies Corp. (NYSE:AQUA)

Posted by on Jun 4th, 2023

Sei Investments Co. reduced its position in Evoqua Water Technologies Corp. (NYSE:AQUA – Get Rating) by 46.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 173,197 shares of the company’s stock after selling 151,339 shares during the period. Sei Investments Co. owned about 0.14% of Evoqua Water Technologies worth $6,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AQUA. TCI Wealth Advisors Inc. grew its stake in Evoqua Water Technologies by 430.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 917 shares of the company’s stock worth $30,000 after acquiring an additional 744 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of Evoqua Water Technologies during the 4th quarter valued at $34,000. RFP Financial Group LLC purchased a new stake in shares of Evoqua Water Technologies during the 4th quarter valued at $60,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Evoqua Water Technologies during the 4th quarter valued at $87,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Evoqua Water Technologies by 54.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,386 shares of the company’s stock valued at $94,000 after buying an additional 845 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Evoqua Water Technologies Price Performance

Shares of Evoqua Water Technologies stock opened at $49.88 on Friday. The company has a fifty day moving average price of $49.40 and a 200 day moving average price of $46.49. The company has a current ratio of 1.78, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. Evoqua Water Technologies Corp. has a twelve month low of $30.44 and a twelve month high of $52.30. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 80.45, a price-to-earnings-growth ratio of 3.99 and a beta of 1.79.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their price objective on shares of Evoqua Water Technologies from $54.00 to $55.00 in a research note on Wednesday, May 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Evoqua Water Technologies has an average rating of “Hold” and a consensus target price of $49.29.

About Evoqua Water Technologies

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Evoqua Water Technologies Corp. is a holding company, which engages in the provision of water and wastewater treatment systems and technologies. It operates through the Integrated Solutions and Services and Applied Product Technologies segments. The Integrated Solutions and Services segment offers outsourced water services, capital equipment for process water and wastewater treatment, and preventive maintenance service contracts.

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

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