BlackRock Inc. grew its position in AquaVenture Holdings Ltd (NYSE:WAAS) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 449,484 shares of the company’s stock after acquiring an additional 6,371 shares during the quarter. BlackRock Inc. owned approximately 1.69% of AquaVenture worth $8,122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Handelsbanken Fonder AB grew its stake in AquaVenture by 135.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 450,000 shares of the company’s stock worth $8,132,000 after buying an additional 259,018 shares during the last quarter. First Trust Advisors LP bought a new position in AquaVenture during the 3rd quarter worth $4,421,000. Renaissance Technologies LLC grew its stake in AquaVenture by 53.9% during the 2nd quarter. Renaissance Technologies LLC now owns 231,000 shares of the company’s stock worth $3,599,000 after buying an additional 80,943 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in AquaVenture by 34.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 75,953 shares of the company’s stock worth $1,184,000 after buying an additional 19,634 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in AquaVenture by 424.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 73,433 shares of the company’s stock worth $1,144,000 after buying an additional 59,425 shares during the last quarter. Institutional investors and hedge funds own 33.28% of the company’s stock.

Shares of WAAS stock opened at $20.74 on Monday. The company has a quick ratio of 4.64, a current ratio of 5.00 and a debt-to-equity ratio of 0.48. AquaVenture Holdings Ltd has a 1 year low of $11.83 and a 1 year high of $21.62. The firm has a market cap of $554.40 million, a price-to-earnings ratio of -21.16 and a beta of 0.79.

AquaVenture (NYSE:WAAS) last announced its quarterly earnings results on Wednesday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.11. AquaVenture had a negative return on equity of 6.03% and a negative net margin of 15.19%. The company had revenue of $36.80 million during the quarter, compared to analyst estimates of $34.10 million. During the same quarter in the previous year, the firm posted ($0.28) EPS. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. Equities analysts expect that AquaVenture Holdings Ltd will post -0.73 EPS for the current year.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded AquaVenture from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research note on Saturday, January 12th. B. Riley upped their price objective on AquaVenture from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, November 8th. Lake Street Capital upped their price objective on AquaVenture to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, December 19th. JMP Securities set a $30.00 price objective on AquaVenture and gave the stock a “buy” rating in a research note on Thursday, November 8th. Finally, Royal Bank of Canada boosted their price target on AquaVenture from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, November 5th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $25.75.

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AquaVenture Company Profile

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination and wastewater treatment solutions for governmental, municipal, industrial, and hospitality customers; and point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers.

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Institutional Ownership by Quarter for AquaVenture (NYSE:WAAS)

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