Chicago Equity Partners LLC trimmed its stake in shares of Waters Corporation (NYSE:WAT) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,440 shares of the medical instruments supplier’s stock after selling 1,130 shares during the quarter. Chicago Equity Partners LLC’s holdings in Waters Corporation were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WAT. Janus Henderson Group PLC raised its stake in shares of Waters Corporation by 20,670.6% in the second quarter. Janus Henderson Group PLC now owns 1,929,793 shares of the medical instruments supplier’s stock valued at $354,773,000 after acquiring an additional 1,920,502 shares during the last quarter. Koch Industries Inc. raised its stake in shares of Waters Corporation by 36,932.0% in the second quarter. Koch Industries Inc. now owns 534,742 shares of the medical instruments supplier’s stock valued at $532,000 after acquiring an additional 533,298 shares during the last quarter. Fundsmith LLP raised its stake in shares of Waters Corporation by 11.7% in the second quarter. Fundsmith LLP now owns 3,833,955 shares of the medical instruments supplier’s stock valued at $704,834,000 after acquiring an additional 401,420 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Waters Corporation by 214.5% in the second quarter. Renaissance Technologies LLC now owns 526,400 shares of the medical instruments supplier’s stock valued at $96,773,000 after acquiring an additional 359,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Waters Corporation by 1,244.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 228,590 shares of the medical instruments supplier’s stock valued at $42,024,000 after acquiring an additional 211,590 shares during the last quarter. 91.27% of the stock is currently owned by institutional investors.

Waters Corporation (NYSE WAT) opened at $193.21 on Friday. The company has a quick ratio of 1.90, a current ratio of 6.16 and a debt-to-equity ratio of 0.66. Waters Corporation has a 1 year low of $133.35 and a 1 year high of $199.78. The firm has a market cap of $15,506.55, a P/E ratio of 27.08, a P/E/G ratio of 2.83 and a beta of 0.83.

Waters Corporation (NYSE:WAT) last released its earnings results on Tuesday, October 24th. The medical instruments supplier reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.03. Waters Corporation had a net margin of 24.34% and a return on equity of 23.61%. The firm had revenue of $565.58 million during the quarter, compared to analyst estimates of $555.25 million. During the same quarter in the previous year, the business earned $1.57 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. analysts expect that Waters Corporation will post 7.42 earnings per share for the current fiscal year.

In other Waters Corporation news, SVP Elizabeth B. Rae sold 12,000 shares of Waters Corporation stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $197.95, for a total transaction of $2,375,400.00. Following the completion of the sale, the senior vice president now owns 18,129 shares of the company’s stock, valued at approximately $3,588,635.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rohit Khanna sold 26,913 shares of Waters Corporation stock in a transaction on Friday, October 27th. The stock was sold at an average price of $197.93, for a total transaction of $5,326,890.09. Following the sale, the senior vice president now directly owns 13,677 shares of the company’s stock, valued at approximately $2,707,088.61. The disclosure for this sale can be found here. Insiders have sold a total of 57,313 shares of company stock valued at $11,120,642 in the last ninety days. Company insiders own 5.07% of the company’s stock.

WAT has been the subject of a number of research analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $170.00 target price on shares of Waters Corporation in a research note on Friday, July 14th. Cowen and Company reiterated a “hold” rating and issued a $190.00 target price on shares of Waters Corporation in a research note on Friday, July 14th. Bank of America Corporation reiterated a “neutral” rating and issued a $192.00 target price (up previously from $180.00) on shares of Waters Corporation in a research note on Friday, July 21st. Morgan Stanley reiterated 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, Zacks Investment Research cut shares of Waters Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $193.62.

TRADEMARK VIOLATION WARNING: This piece was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/chicago-equity-partners-llc-sells-1130-shares-of-waters-corporation-wat/1695566.html.

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.

Institutional Ownership by Quarter for Waters Corporation (NYSE:WAT)

Receive News & Ratings for Waters Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waters Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.