In this article we discuss the 5 Best Water Stocks and ETFs to Buy in 2021. If you want to read our detailed analysis of the Best Water Stocks and ETFs, you can click and read the 10 Best Water Stocks and ETFs to Buy in 2021.
5. Evoqua Water Technologies Corp (NYSE: AQUA)
Pennsylvania-based Evoqua Water Technologies offers water services to about 38,000 customers. The company has over 200,000 installations worldwide and operates in about 160 locations across ten countries. Its services include aerobic wastewater treatment, anaerobic wastewater treatment, clarifiers, covers, liners, water filtration and disinfection systems.
As of the end of the third quarter, 21 hedge funds tracked by Insider Monkey were bullish on Evoqua, with $216.2 million worth of collective stakes. Claus Moller’s P2 Capital Partners is one of the leading hedge funds among these stakeholders, with $92.16 million worth of AQUA shares.
Related Article: Is AQUA A Good Stock To Buy Now According To Hedge Funds?
4. Invesco Global Water ETF (NASDAQ: PIO)
Invesco Global is one of the major water ETFs to buy in 2021. Its 1-Year Daily Total Return is 14.13%. Some of the ETF’s top holdings include Danaher Corp, Ecolab Inc, Geberit, Ferguson PLC, Pentair PLC and Veolia Environnement SA. The ETF is reconstituted annually in April.
3. Xylem Inc (NYSE: XYL)
Xylem provides water services for commercial, residential and agricultural settings. The company operates in over 150 countries. It was created a result of the spinoff of the water business of ITT Corporation. At the end of the third quarter, 21 hedge funds were bullish on Xylem.
In the third quarter, Xylem posted a non-GAAP EPS of $0.62, beating the Street’s consensus estimate by $0.12. Revenue in the period declined by 7.7% to reach $1.2 billion. This beat the analysts’ forecasts by $40 million.
Related Article: Did Hedge Funds Make The Right Call On Xylem Inc (XYL) ?
2. American Water Works Company Inc (NYSE: AWK)
New Jersey-based American Water Works ranks 3rd on the list of 10 best water stocks and ETFs to buy in 2021. The company went public on the New York Stock Exchange in 2008. American Water Works provides services to about 14 million people in 46 states in the U.S.
Cliff Asness’ AQR Capital Management increased its hold in the company by 5% in the third quarter. The fund owns 470,392 shares of the company, worth $68.15 million. In December, BofA upgraded AWK shares to Neutral from Underperform. The firm also increased its price target for the company to $155 from $139.
Related Article: Is AWK A Good Stock To Buy According To Hedge Funds?
1. Invesco Water Resources ETF (NASDAQ: PHO)
Invesco Water Resources is one of the best water ETFs to buy in 2021. The ETF is based on NASDAQ OMX US Water Index (Index). It usually tracks companies that design solutions to purify, conserve and deliver water. The ETF has 1-Year Daily Total Return of 20.7%. Some of the ETF’s top holdings include Waters Corp, Roper Technologies Inc, American Water Works Co Inc, Danaher Corp, Ecolab Inc and Advanced Drainage Systems Inc.
You can also read 10 Best Transportation Stocks To Buy Now and 10 Best Real Estate Stocks To Buy Now.
