AquaVenture Holdings Ltd (WAAS) Holdings Lowered by Deutsche Bank AG

Deutsche Bank AG trimmed its stake in shares of AquaVenture Holdings Ltd (NYSE:WAAS) by 31.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,018 shares of the company’s stock after selling 20,646 shares during the quarter. Deutsche Bank AG’s holdings in AquaVenture were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in WAAS. Vanguard Group Inc raised its holdings in shares of AquaVenture by 9.9% in the 3rd quarter. Vanguard Group Inc now owns 642,156 shares of the company’s stock worth $11,604,000 after purchasing an additional 57,978 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of AquaVenture by 9.9% in the 3rd quarter. Vanguard Group Inc. now owns 642,156 shares of the company’s stock worth $11,604,000 after purchasing an additional 57,978 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of AquaVenture by 27.1% in the 4th quarter. Handelsbanken Fonder AB now owns 571,933 shares of the company’s stock worth $10,804,000 after purchasing an additional 121,933 shares in the last quarter. BlackRock Inc. raised its holdings in shares of AquaVenture by 13.9% in the 4th quarter. BlackRock Inc. now owns 511,804 shares of the company’s stock worth $9,668,000 after purchasing an additional 62,320 shares in the last quarter. Finally, Hosking Partners LLP raised its holdings in shares of AquaVenture by 11.5% in the 4th quarter. Hosking Partners LLP now owns 297,693 shares of the company’s stock worth $5,623,000 after purchasing an additional 30,677 shares in the last quarter. Institutional investors own 33.90% of the company’s stock.

In related news, Director Evan Lovell sold 5,203 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $19.01, for a total transaction of $98,909.03. Following the transaction, the director now directly owns 7,617 shares of the company’s stock, valued at $144,799.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 53.30% of the company’s stock.

WAAS has been the topic of several analyst reports. Citigroup set a $26.00 target price on shares of AquaVenture and gave the stock a “buy” rating in a research report on Thursday, February 28th. ValuEngine raised shares of AquaVenture from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 6th. Finally, Zacks Investment Research downgraded shares of AquaVenture from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. AquaVenture currently has a consensus rating of “Buy” and an average price target of $26.14.

AquaVenture stock opened at $18.78 on Thursday. The company has a market capitalization of $498.86 million, a PE ratio of -24.08 and a beta of 0.76. The company has a current ratio of 2.60, a quick ratio of 2.22 and a debt-to-equity ratio of 0.96. AquaVenture Holdings Ltd has a fifty-two week low of $13.65 and a fifty-two week high of $23.35.

AquaVenture (NYSE:WAAS) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.21) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.01. AquaVenture had a negative net margin of 12.62% and a negative return on equity of 5.98%. The firm had revenue of $46.60 million for the quarter, compared to the consensus estimate of $45.63 million. During the same period in the previous year, the firm posted ($0.24) earnings per share. The firm’s revenue was up 43.4% on a year-over-year basis. On average, equities research analysts predict that AquaVenture Holdings Ltd will post -0.75 earnings per share for the current fiscal year.

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AquaVenture 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, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.

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Institutional Ownership by Quarter for AquaVenture (NYSE:WAAS)

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