Allen Investment Management LLC bought a new position in shares of Waters Co. (NYSE:WAT) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 943 shares of the medical instruments supplier’s stock, valued at approximately $237,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in WAT. Stone Ridge Asset Management LLC raised its position in shares of Waters by 7.0% during the fourth quarter. Stone Ridge Asset Management LLC now owns 2,535 shares of the medical instruments supplier’s stock worth $478,000 after acquiring an additional 166 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Waters by 4.2% during the first quarter. Nisa Investment Advisors LLC now owns 46,494 shares of the medical instruments supplier’s stock worth $11,703,000 after purchasing an additional 1,880 shares during the period. Kinneret Advisory LLC acquired a new stake in Waters during the fourth quarter worth approximately $1,055,000. Ontario Teachers Pension Plan Board grew its stake in Waters by 6.7% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 173,146 shares of the medical instruments supplier’s stock worth $32,664,000 after purchasing an additional 10,815 shares during the period. Finally, IFM Investors Pty Ltd grew its stake in Waters by 10.5% during the first quarter. IFM Investors Pty Ltd now owns 4,985 shares of the medical instruments supplier’s stock worth $1,255,000 after purchasing an additional 472 shares during the period. 92.57% of the stock is currently owned by institutional investors.
Waters stock traded down $0.21 during mid-day trading on Wednesday, reaching $211.05. 527,727 shares of the company’s stock were exchanged, compared to its average volume of 624,248. The business has a fifty day simple moving average of $208.01. The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.24 and a beta of 1.08. Waters Co. has a one year low of $167.93 and a one year high of $255.21. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.44 and a quick ratio of 2.89.
Waters (NYSE:WAT) last issued its earnings results on Tuesday, April 23rd. The medical instruments supplier reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.13). Waters had a net margin of 24.59% and a return on equity of 39.64%. The firm had revenue of $513.90 million during the quarter, compared to the consensus estimate of $545.82 million. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Waters Co. will post 9.11 earnings per share for the current year.
A number of brokerages have commented on WAT. Zacks Investment Research cut Waters from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 12th. ValuEngine cut Waters from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. UBS Group reduced their price objective on Waters from $248.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Cleveland Research cut Waters from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 12th. Finally, Barclays reduced their price objective on Waters from $218.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $208.71.
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.
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