Tredje AP fonden lifted its holdings in shares of Waters Corporation (NYSE:WAT) by 247.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,430 shares of the medical instruments supplier’s stock after purchasing an additional 8,850 shares during the quarter. Tredje AP fonden’s holdings in Waters Corporation were worth $2,285,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of WAT. Profund Advisors LLC grew its holdings in shares of Waters Corporation by 10.0% during the first quarter. Profund Advisors LLC now owns 3,375 shares of the medical instruments supplier’s stock worth $528,000 after purchasing an additional 307 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Waters Corporation by 0.6% during the first quarter. ProShare Advisors LLC now owns 8,019 shares of the medical instruments supplier’s stock worth $1,253,000 after purchasing an additional 48 shares in the last quarter. Strs Ohio grew its holdings in shares of Waters Corporation by 1.4% during the first quarter. Strs Ohio now owns 11,488 shares of the medical instruments supplier’s stock worth $1,795,000 after purchasing an additional 159 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Waters Corporation by 385.1% in the first quarter. Canada Pension Plan Investment Board now owns 40,443 shares of the medical instruments supplier’s stock worth $6,322,000 after buying an additional 32,106 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Waters Corporation in the first quarter worth approximately $276,000. 91.12% of the stock is owned by institutional investors.
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In other news, Director Christopher A. Kuebler sold 3,500 shares of Waters Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $179.67, for a total value of $628,845.00. Following the completion of the transaction, the director now owns 17,849 shares in the company, valued at approximately $3,206,929.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.07% of the stock is currently owned by insiders.
Shares of Waters Corporation (NYSE:WAT) opened at 186.56 on Monday. Waters Corporation has a 12 month low of $133.35 and a 12 month high of $187.65. The firm has a 50-day moving average price of $179.49 and a 200 day moving average price of $172.27. The company has a market cap of $14.89 billion, a P/E ratio of 28.12 and a beta of 0.83.
Waters Corporation (NYSE:WAT) last released its quarterly earnings results on Tuesday, July 25th. The medical instruments supplier reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.05. The business had revenue of $558.30 million during the quarter, compared to analysts’ expectations of $553.22 million. Waters Corporation had a return on equity of 23.91% and a net margin of 24.26%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 EPS. Equities analysts predict that Waters Corporation will post $7.38 earnings per share for the current year.
Several analysts have issued reports on the company. Zacks Investment Research raised Waters Corporation from a “hold” rating to a “buy” rating and set a $202.00 target price for the company in a research note on Thursday, July 13th. BidaskClub raised Waters Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $175.00 target price on shares of Waters Corporation in a research note on Thursday, July 27th. Morgan Stanley reaffirmed an “underweight” rating and issued a $183.00 target price (up previously from $174.00) on shares of Waters Corporation in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG lowered Waters Corporation from a “buy” rating to a “hold” rating and upped their target price for the stock from $183.00 to $194.00 in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $186.00.
About Waters Corporation
Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans.
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