10,902 Shares in Waters Corp. (WAT) Acquired by Mason Street Advisors LLC
Mason Street Advisors LLC bought a new position in shares of Waters Corp. (NYSE:WAT) during the second quarter, Holdings Channel reports. The institutional investor bought 10,902 shares of the company’s stock, valued at approximately $1,533,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in Waters Corp. by 24.8% in the second quarter. Van ECK Associates Corp now owns 719 shares of the company’s stock worth $101,000 after buying an additional 143 shares during the last quarter. Roble Belko & Company Inc bought a new stake in Waters Corp. during the second quarter worth $113,000. Advisor Group Inc. acquired a new position in Waters Corp. during the second quarter worth approximately $132,000. Mizuho Asset Management Co. Ltd. boosted its position in Waters Corp. by 61.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,008 shares of the company’s stock worth $142,000 after buying an additional 384 shares during the period. Finally, Societe Generale acquired a new position in Waters Corp. during the second quarter worth approximately $151,000. Hedge funds and other institutional investors own 92.40% of the company’s stock.
Shares of Waters Corp. (NYSE:WAT) opened at 153.89 on Monday. The firm has a market cap of $12.40 billion, a PE ratio of 25.79 and a beta of 0.83. Waters Corp. has a 52 week low of $112.00 and a 52 week high of $162.53. The stock has a 50 day moving average price of $157.72 and a 200 day moving average price of $141.19.
Waters Corp. (NYSE:WAT) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.13. The company earned $537 million during the quarter, compared to analyst estimates of $523.23 million. Waters Corp. had a return on equity of 24.69% and a net margin of 23.33%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.32 earnings per share. Equities analysts expect that Waters Corp. will post $6.57 earnings per share for the current year.
A number of equities analysts have recently commented on WAT shares. Zacks Investment Research raised Waters Corp. from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a report on Thursday, July 21st. Cantor Fitzgerald boosted their price target on Waters Corp. from $163.00 to $173.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th. Barclays PLC boosted their price target on Waters Corp. from $130.00 to $157.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 27th. Citigroup Inc. boosted their price target on Waters Corp. from $138.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, Mizuho boosted their price target on Waters Corp. from $130.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $149.77.
In related news, EVP Arthur G. Caputo sold 104,785 shares of Waters Corp. stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $158.54, for a total transaction of $16,612,613.90. Following the completion of the sale, the executive vice president now owns 191,732 shares of the company’s stock, valued at $30,397,191.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Laurie H. M.D. Glimcher sold 4,000 shares of Waters Corp. stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $156.38, for a total value of $625,520.00. Following the sale, the director now directly owns 12,161 shares of the company’s stock, valued at approximately $1,901,737.18. The disclosure for this sale can be found here. Corporate insiders own 5.45% of the company’s stock.
About Waters Corp.
Waters Corporation is an analytical instrument manufacturer. The Company designs, manufactures, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company operates through two segments: Waters Division and TA Division.
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