Evoqua Water Technologies Corp.’s (AQUA) Quiet Period Will End on December 12th

Evoqua Water Technologies’ (NYSE:AQUA) quiet period will end on Tuesday, December 12th. Evoqua Water Technologies had issued 27,777,777 shares in its IPO on November 2nd. The total size of the offering was $499,999,986 based on an initial share price of $18.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Several equities research analysts recently commented on the company. Stifel Nicolaus assumed coverage on Evoqua Water Technologies in a research note on Monday, November 27th. They set a “hold” rating and a $23.00 target price for the company. Robert W. Baird assumed coverage on Evoqua Water Technologies in a research note on Monday, November 27th. They set a “neutral” rating and a $23.00 target price for the company. J P Morgan Chase & Co assumed coverage on Evoqua Water Technologies in a research note on Thursday, November 30th. They set a “neutral” rating and a $23.00 target price for the company. Raymond James Financial assumed coverage on Evoqua Water Technologies in a research note on Monday, November 27th. They set an “outperform” rating and a $25.00 target price for the company. Finally, Citigroup assumed coverage on Evoqua Water Technologies in a research note on Monday, November 27th. They set a “buy” rating and a $26.00 target price for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Evoqua Water Technologies presently has an average rating of “Buy” and an average target price of $23.88.

Shares of Evoqua Water Technologies (AQUA) opened at $23.03 on Thursday. Evoqua Water Technologies has a one year low of $19.10 and a one year high of $23.22.

In other news, CEO Ronald C. Keating acquired 3,000 shares of Evoqua Water Technologies stock in a transaction on Monday, November 6th. The stock was purchased at an average price of $18.00 per share, with a total value of $54,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Benedict J. Stas acquired 2,000 shares of Evoqua Water Technologies stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $18.00 per share, with a total value of $36,000.00. The disclosure for this purchase can be found here. Insiders acquired 6,000 shares of company stock valued at $108,000 in the last three months.

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Evoqua Water Technologies Company Profile

Evoqua Water Technologies Corp. is focused on providing water treatment solutions. The Company is offering services, systems and technologies to support customers’ full water lifecycle needs. The Company offers a comprehensive portfolio of differentiated, proprietary technology solutions. The Company operates through three segments Industrial, Municipal and Products.

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