Evoqua Water Technologies Corp (NYSE:AQUA) Position Trimmed by Gabelli Funds LLC

Gabelli Funds LLC reduced its stake in Evoqua Water Technologies Corp (NYSE:AQUA) by 25.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 133,000 shares of the company’s stock after selling 44,296 shares during the quarter. Gabelli Funds LLC’s holdings in Evoqua Water Technologies were worth $2,264,000 at the end of the most recent reporting period.

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A number of other institutional investors and hedge funds have also made changes to their positions in AQUA. Steward Partners Investment Advisory LLC acquired a new stake in Evoqua Water Technologies during the 2nd quarter worth $49,000. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Evoqua Water Technologies by 1,855.6% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 4,752 shares of the company’s stock worth $68,000 after acquiring an additional 4,509 shares during the period. Quest Capital Management Inc. ADV acquired a new stake in shares of Evoqua Water Technologies in the 3rd quarter worth $113,000. Bank of Montreal Can lifted its stake in shares of Evoqua Water Technologies by 301.1% in the 2nd quarter. Bank of Montreal Can now owns 8,407 shares of the company’s stock worth $120,000 after acquiring an additional 6,311 shares during the period. Finally, Aperio Group LLC acquired a new stake in shares of Evoqua Water Technologies in the 2nd quarter worth $144,000.

NYSE:AQUA traded up $0.18 during mid-day trading on Friday, hitting $17.98. 260,022 shares of the company’s stock traded hands, compared to its average volume of 553,536. Evoqua Water Technologies Corp has a 1 year low of $7.92 and a 1 year high of $18.10. The firm’s 50 day simple moving average is $16.89 and its 200 day simple moving average is $14.75.

Several analysts have recently commented on AQUA shares. Royal Bank of Canada restated a “buy” rating and issued a $16.00 target price on shares of Evoqua Water Technologies in a research note on Thursday, August 8th. Credit Suisse Group raised their target price on shares of Evoqua Water Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Raymond James raised their target price on shares of Evoqua Water Technologies from $16.00 to $19.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Evoqua Water Technologies from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $15.86.

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 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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