Thrivent Financial for Lutherans lifted its stake in shares of Waters Co. (NYSE:WAT) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 308,701 shares of the medical instruments supplier’s stock after acquiring an additional 5,797 shares during the quarter. Thrivent Financial for Lutherans owned about 0.39% of Waters worth $61,324,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of WAT. Renaissance Technologies LLC increased its stake in shares of Waters by 59.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,429,049 shares of the medical instruments supplier’s stock valued at $276,078,000 after acquiring an additional 530,949 shares during the period. Frontier Capital Management Co. LLC acquired a new position in Waters in the first quarter worth approximately $60,892,000. Deutsche Bank AG grew its position in Waters by 82.9% in the fourth quarter. Deutsche Bank AG now owns 351,977 shares of the medical instruments supplier’s stock worth $67,994,000 after buying an additional 159,576 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Waters by 359.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 157,768 shares of the medical instruments supplier’s stock worth $30,479,000 after buying an additional 123,464 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in Waters by 93.8% in the fourth quarter. Schroder Investment Management Group now owns 214,670 shares of the medical instruments supplier’s stock worth $41,472,000 after buying an additional 103,900 shares during the last quarter. Institutional investors and hedge funds own 93.94% of the company’s stock.
WAT has been the topic of several recent research reports. William Blair restated an “outperform” rating on shares of Waters in a research report on Tuesday, January 23rd. Citigroup lifted their price target on shares of Waters from $190.00 to $223.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Robert W. Baird lifted their price target on shares of Waters from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. JPMorgan Chase lifted their price target on shares of Waters from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Janney Montgomery Scott lifted their price target on shares of Waters from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Twelve analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $207.31.
In related news, SVP Terrence P. Kelly sold 1,312 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $212.52, for a total value of $278,826.24. Following the completion of the transaction, the senior vice president now owns 5,130 shares of the company’s stock, valued at approximately $1,090,227.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Terricciano sold 1,523 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $208.80, for a total transaction of $318,002.40. Following the completion of the transaction, the senior vice president now directly owns 3,273 shares of the company’s stock, valued at approximately $683,402.40. The disclosure for this sale can be found here. Insiders sold a total of 19,329 shares of company stock valued at $3,813,677 in the last ninety days. Company insiders own 0.98% of the company’s stock.
Waters stock opened at $196.96 on Tuesday. Waters Co. has a 52 week low of $195.56 and a 52 week high of $197.39. The company has a debt-to-equity ratio of 0.59, a current ratio of 6.44 and a quick ratio of 5.87. The company has a market capitalization of $15.40 billion, a P/E ratio of 25.76, a PEG ratio of 2.29 and a beta of 0.94.
Waters (NYSE:WAT) last posted its quarterly earnings data on Tuesday, April 24th. The medical instruments supplier reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. Waters had a net margin of 1.14% and a return on equity of 25.80%. The firm had revenue of $530.70 million during the quarter, compared to analyst estimates of $534.17 million. During the same quarter last year, the business posted $1.46 EPS. The company’s revenue was up 6.6% on a year-over-year basis. equities analysts forecast that Waters Co. will post 8.21 EPS for the current year.
Waters announced that its Board of Directors has initiated a share repurchase plan on Tuesday, April 24th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the medical instruments supplier to buy up to 18.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in the United States, Europe, Asia, and internationally. It designs, manufactures, sells, and services high and ultra performance liquid chromatography technology, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.
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