Waters Co. (WAT) Position Boosted by Arizona State Retirement System

Arizona State Retirement System boosted its position in Waters Co. (NYSE:WAT) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,735 shares of the medical instruments supplier’s stock after buying an additional 3,649 shares during the period. Arizona State Retirement System’s holdings in Waters were worth $11,154,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its holdings in Waters by 6.0% in the second quarter. Advisory Services Network LLC now owns 1,145 shares of the medical instruments supplier’s stock valued at $210,000 after buying an additional 65 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Waters by 3.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,668 shares of the medical instruments supplier’s stock valued at $1,226,000 after buying an additional 196 shares during the period. Advisor Partners LLC lifted its holdings in Waters by 11.6% in the fourth quarter. Advisor Partners LLC now owns 2,372 shares of the medical instruments supplier’s stock valued at $500,000 after buying an additional 246 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Waters by 0.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 46,545 shares of the medical instruments supplier’s stock valued at $8,992,000 after buying an additional 253 shares during the period. Finally, LS Investment Advisors LLC lifted its holdings in Waters by 7.0% in the fourth quarter. LS Investment Advisors LLC now owns 3,962 shares of the medical instruments supplier’s stock valued at $765,000 after buying an additional 259 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Shares of Waters Co. (NYSE WAT) opened at $206.18 on Friday. Waters Co. has a 52 week low of $151.65 and a 52 week high of $220.20. The company has a quick ratio of 1.97, a current ratio of 2.10 and a debt-to-equity ratio of 0.66. The firm has a market cap of $16,455.38, a price-to-earnings ratio of 1,085.22, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88.

Waters (NYSE:WAT) last posted its quarterly earnings results on Tuesday, January 23rd. The medical instruments supplier reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.07. Waters had a net margin of 0.88% and a return on equity of 24.70%. The firm had revenue of $687.28 million during the quarter, compared to the consensus estimate of $671.98 million. During the same period in the previous year, the firm posted $2.21 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. equities research analysts predict that Waters Co. will post 8.16 EPS for the current year.

Several equities analysts recently issued reports on WAT shares. BTIG Research started coverage on shares of Waters in a report on Friday, January 5th. They issued a “buy” rating and a $230.00 target price on the stock. Zacks Investment Research upgraded shares of Waters from a “hold” rating to a “buy” rating and set a $217.00 target price on the stock in a report on Tuesday, December 26th. Janney Montgomery Scott boosted their target price on shares of Waters from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Barclays boosted their target price on shares of Waters from $188.00 to $193.00 and gave the company an “equal weight” rating in a report on Wednesday, October 25th. Finally, Morgan Stanley upgraded shares of Waters from an “underweight” rating to an “equal weight” rating and set a $192.00 target price on the stock in a report on Monday, December 4th. Twelve research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $203.75.

In other news, Director William J. Miller sold 3,500 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $194.94, for a total transaction of $682,290.00. Following the completion of the sale, the director now directly owns 25,849 shares of the company’s stock, valued at $5,039,004.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joann A. Reed sold 1,386 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $194.07, for a total transaction of $268,981.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,789 shares of company stock valued at $26,083,647. Insiders own 5.07% of the company’s stock.

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

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