Xact Kapitalforvaltning AB raised its position in shares of Waters Corporation (NYSE:WAT) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,306 shares of the medical instruments supplier’s stock after buying an additional 411 shares during the period. Xact Kapitalforvaltning AB’s holdings in Waters Corporation were worth $1,343,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Cleararc Capital Inc. increased its stake in Waters Corporation by 0.6% in the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the medical instruments supplier’s stock worth $305,000 after buying an additional 11 shares during the period. Creative Planning increased its stake in Waters Corporation by 1.6% in the first quarter. Creative Planning now owns 744 shares of the medical instruments supplier’s stock worth $116,000 after buying an additional 12 shares during the period. Lowe Brockenbrough & Co. Inc. increased its stake in Waters Corporation by 1.1% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 1,516 shares of the medical instruments supplier’s stock worth $237,000 after buying an additional 16 shares during the period. Quadrant Capital Group LLC increased its stake in Waters Corporation by 4.4% in the first quarter. Quadrant Capital Group LLC now owns 822 shares of the medical instruments supplier’s stock worth $124,000 after buying an additional 35 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in Waters Corporation by 2.0% in the first quarter. OppenheimerFunds Inc. now owns 1,750 shares of the medical instruments supplier’s stock worth $274,000 after buying an additional 35 shares during the period. Institutional investors own 91.96% of the company’s stock.

Shares of Waters Corporation (WAT) opened at 183.39 on Monday. Waters Corporation has a 12-month low of $133.35 and a 12-month high of $187.65. The stock’s 50 day moving average price is $181.06 and its 200-day moving average price is $158.95. The firm has a market cap of $14.68 billion, a P/E ratio of 27.89 and a beta of 0.85.

Waters Corporation (NYSE:WAT) last issued its earnings results on Tuesday, April 25th. The medical instruments supplier reported $1.46 EPS for the quarter, topping the consensus estimate of $1.33 by $0.13. Waters Corporation had a return on equity of 24.30% and a net margin of 24.34%. The business had revenue of $497.97 million during the quarter, compared to the consensus estimate of $489.37 million. During the same quarter last year, the company earned $1.26 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Waters Corporation will post $7.33 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Xact Kapitalforvaltning AB Raises Position in Waters Corporation (WAT)” was reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/xact-kapitalforvaltning-ab-raises-position-in-waters-corporation-wat/1444627.html.

A number of research firms have recently issued reports on WAT. Cowen and Company reiterated a “hold” rating and issued a $190.00 price objective on shares of Waters Corporation in a report on Friday. Jefferies Group LLC reissued a “hold” rating and issued a $170.00 target price on shares of Waters Corporation in a research note on Friday. Cantor Fitzgerald reissued a “buy” rating and issued a $190.00 target price (up from $170.00) on shares of Waters Corporation in a research note on Tuesday, April 25th. Janney Montgomery Scott raised shares of Waters Corporation from a “neutral” rating to a “buy” rating and raised their target price for the company from $185.00 to $200.00 in a research note on Monday, May 1st. Finally, Barclays PLC set a $160.00 target price on shares of Waters Corporation and gave the company a “hold” rating in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $177.75.

In other Waters Corporation news, SVP Eugene G. Cassis sold 23,862 shares of the firm’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $171.32, for a total value of $4,088,037.84. Following the sale, the senior vice president now owns 35,889 shares of the company’s stock, valued at approximately $6,148,503.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Rohit Khanna sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the sale, the senior vice president now directly owns 19,077 shares in the company, valued at approximately $3,275,520.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,940 shares of company stock valued at $29,321,461. 5.07% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding WAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waters Corporation (NYSE:WAT).

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.