New York State Teachers Retirement System Cuts Holdings in Waters Corporation (WAT)
New York State Teachers Retirement System lowered its holdings in shares of Waters Corporation (NYSE:WAT) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,745 shares of the medical instruments supplier’s stock after selling 1,713 shares during the period. New York State Teachers Retirement System owned about 0.16% of Waters Corporation worth $23,292,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in WAT. OppenheimerFunds Inc. raised its position in Waters Corporation by 2.0% during the first quarter. OppenheimerFunds Inc. now owns 1,750 shares of the medical instruments supplier’s stock worth $274,000 after acquiring an additional 35 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Waters Corporation by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 207,633 shares of the medical instruments supplier’s stock worth $32,455,000 after acquiring an additional 3,187 shares during the last quarter. HighTower Advisors LLC raised its position in Waters Corporation by 7.9% during the first quarter. HighTower Advisors LLC now owns 2,257 shares of the medical instruments supplier’s stock worth $355,000 after acquiring an additional 165 shares during the last quarter. Clearbridge Investments LLC raised its position in Waters Corporation by 12.2% during the first quarter. Clearbridge Investments LLC now owns 5,088 shares of the medical instruments supplier’s stock worth $795,000 after acquiring an additional 555 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in Waters Corporation by 6.0% during the second quarter. Xact Kapitalforvaltning AB now owns 7,306 shares of the medical instruments supplier’s stock worth $1,343,000 after acquiring an additional 411 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.
In other Waters Corporation news, SVP Rohit Khanna sold 26,913 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $197.93, for a total transaction of $5,326,890.09. Following the completion of the sale, the senior vice president now directly owns 13,677 shares in the company, valued at $2,707,088.61. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher A. Kuebler sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $179.67, for a total transaction of $628,845.00. Following the sale, the director now owns 17,849 shares of the company’s stock, valued at $3,206,929.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,813 shares of company stock valued at $9,374,087. 5.07% of the stock is owned by insiders.
A number of equities analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Waters Corporation in a research report on Tuesday, September 26th. They issued a “hold” rating and a $180.00 price objective for the company. Cowen and Company reissued a “hold” rating and issued a $190.00 price objective on shares of Waters Corporation in a research report on Friday, July 14th. Barclays PLC boosted their price objective on shares of Waters Corporation from $188.00 to $193.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 25th. BidaskClub raised shares of Waters Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of Waters Corporation from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Waters Corporation presently has a consensus rating of “Hold” and an average target price of $190.71.
Waters Corporation (NYSE:WAT) opened at $197.92 on Friday. Waters Corporation has a 52-week low of $133.35 and a 52-week high of $199.78. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.90 and a current ratio of 2.05. The company has a market cap of $15,798.77, a P/E ratio of 27.49, a P/E/G ratio of 2.87 and a beta of 0.83.
Waters Corporation (NYSE:WAT) last issued its quarterly earnings results on Tuesday, October 24th. The medical instruments supplier reported $1.77 EPS for the quarter, topping the consensus estimate 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 prior year, the business posted $1.57 earnings per share. Waters Corporation’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities research analysts expect that Waters Corporation will post 7.42 EPS for the current fiscal year.
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Waters Corporation Company Profile
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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