Evoqua Water Technologies Corp. (AQUA) may enjoy gains as insiders got busy in the recent days

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Evoqua Water Technologies Corp.’s filing revealed that its Executive Vice President Aulick Rodney unloaded Company’s shares for reported $0.33 million on Feb 07. In the deal valued at $50.35 per share,6,494 shares were sold. As a result of this transaction, Aulick Rodney now holds 127,001 shares worth roughly $ 6.17 million.


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Then, Bhambri Nick sold 87,641 shares, generating $3,950,900 in total proceeds. Upon selling the shares at $45.08, the Director now owns 23,765 shares.

Before that, Bhambri Nick sold 37,359 shares. Evoqua Water Technologies Corp. shares valued at $1,681,402 were divested by the Director at a price of $45.01 per share. As a result of the transaction, Bhambri Nick now holds 23,765 shares, worth roughly $1.15 million.

Oppenheimer downgraded its Evoqua Water Technologies Corp. [AQUA] rating to a Perform from a an Outperform in a research note published on Tuesday. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in mid January from “a Perform” to “an Outperform”. Raymond James also remained covering AQUA and has decreased its forecast on January 04, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. Stifel maintained its rating on November 17, 2021. It rated AQUA as “a Buy”.

Price Performance Review of AQUA

On Tuesday, Evoqua Water Technologies Corp. [NYSE:AQUA] saw its stock remained unchanged to $48.56. On the same session, the stock had its day’s lowest price of $48.29, but rose to a high of $49.07. Over the last five days, the stock has lost -0.70%. Evoqua Water Technologies Corp. shares have risen nearly 22.63% since the year began. Nevertheless, the stocks have risen 11.92% over the past one year. While a 52-week high of $51.35 was reached on 02/07/23, a 52-week low of $30.44 was recorded on 01/03/23. SMA at 50 days reached $44.85, while 200 days put it at $38.88. A total of 1.18 million shares were traded, compared to the trading of 1.31 million shares in the previous session.

Levels Of Support And Resistance For AQUA Stock

The 24-hour chart illustrates a support level at 48.21, which if violated will result in even more drops to 47.86. On the upside, there is a resistance level at 48.99. A further resistance level may holdings at 49.42. The Relative Strength Index (RSI) on the 14-day chart is 53.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.00%. Stochastics %K at 18.74% indicates the stock is a buying.

How much short interest is there in Evoqua Water Technologies Corp.?

A steep rise in short interest was recorded in Evoqua Water Technologies Corp. stocks on Jan 30, 2023, growing by 0.84 million shares to a total of 2.67 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.83 million shares. There was a rise of 31.46%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.51% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.14.

Evoqua Water Technologies Corp. [AQUA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,073,814 shares, or roughly 9.07% of the outstanding AQUA shares. In other words, the investor’s shares have risen by 232,828 from its previous 13-F filing of 10840986.0. Additionally, BlackRock Fund Advisors increased 0.79% of its stake after which the total value it holdings stand at $336,724,258, while Invesco Advisers, Inc. added 4.37% of its stake to hold $277.01 million in the firm. Over the last quarter, Champlain Investment Partners LLC sold -128,870 shares of Evoqua Water Technologies Corp., while APG Asset Management NV sold 243,000 shares. At present, BlackRock Investment Management is holding 3,043,834 shares valued at $147.66 million. Impax Asset Management Ltd. owned 2,649,753 shares of the company at the time of its most recent 13F filing, worth $128.54 million.

The most recent change occurred on November 17, 2021 when RBC Capital Mkts resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $51.

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