Nomura Holdings Inc. Acquires Shares of 8,096 Waters Corporation (WAT)
Nomura Holdings Inc. acquired a new stake in Waters Corporation (NYSE:WAT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,096 shares of the medical instruments supplier’s stock, valued at approximately $1,489,000.
Other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its stake in Waters Corporation by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 573 shares of the medical instruments supplier’s stock valued at $105,000 after acquiring an additional 2 shares during the period. Watermark Asset Management Inc. bought a new position in shares of Waters Corporation in the first quarter valued at approximately $106,000. ETF Managers Group LLC bought a new position in shares of Waters Corporation in the second quarter valued at approximately $106,000. First Manhattan Co. bought a new position in shares of Waters Corporation in the second quarter valued at approximately $130,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in shares of Waters Corporation in the second quarter valued at approximately $160,000. 90.95% of the stock is owned by hedge funds and other institutional investors.
Shares of Waters Corporation (NYSE:WAT) opened at 186.26 on Monday. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of 28.07 and a beta of 0.82. The company’s 50-day moving average price is $183.92 and its 200-day moving average price is $177.74. Waters Corporation has a one year low of $133.35 and a one year high of $190.39.
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 firm had revenue of $558.30 million for 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 company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.58 EPS. On average, equities research analysts predict that Waters Corporation will post $7.39 earnings per share for the current year.
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In other news, Director Christopher A. Kuebler sold 3,500 shares of the stock in a transaction 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 transaction, the director now directly owns 17,849 shares of the company’s stock, valued at approximately $3,206,929.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Rohit Khanna sold 18,400 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $185.78, for a total value of $3,418,352.00. Following the transaction, the senior vice president now directly owns 22,477 shares in the company, valued at $4,175,777.06. The disclosure for this sale can be found here. 5.07% of the stock is owned by corporate insiders.
WAT has been the topic of a number of recent research reports. Zacks Investment Research upgraded Waters Corporation from a “hold” rating to a “buy” rating and set a $202.00 target price on the stock in a report on Thursday, July 13th. BidaskClub lowered Waters Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Jefferies Group LLC restated a “hold” rating and issued a $175.00 target price on shares of Waters Corporation in a report on Thursday, July 27th. Deutsche Bank AG lowered Waters Corporation from a “buy” rating to a “hold” rating and raised their target price for the company from $183.00 to $194.00 in a report on Monday, July 10th. Finally, Cowen and Company restated a “hold” rating and issued a $190.00 target price on shares of Waters Corporation in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $186.25.
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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