Laurion Capital Management LP Invests $1.10 Million in Waters Corporation (WAT) Stock
Laurion Capital Management LP purchased a new position in Waters Corporation (NYSE:WAT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,000 shares of the medical instruments supplier’s stock, valued at approximately $1,103,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WAT. BlackRock Inc. grew its position in Waters Corporation by 2,810.7% in the 1st quarter. BlackRock Inc. now owns 5,349,711 shares of the medical instruments supplier’s stock worth $836,212,000 after purchasing an additional 5,165,917 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Waters Corporation by 3,735.4% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 373,950 shares of the medical instruments supplier’s stock worth $58,452,000 after purchasing an additional 364,200 shares during the last quarter. Janus Capital Management LLC grew its position in Waters Corporation by 18.2% in the 1st quarter. Janus Capital Management LLC now owns 2,309,646 shares of the medical instruments supplier’s stock worth $361,021,000 after purchasing an additional 356,395 shares during the last quarter. Vanguard Group Inc. grew its position in Waters Corporation by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 7,497,760 shares of the medical instruments supplier’s stock worth $1,171,975,000 after purchasing an additional 216,162 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Waters Corporation by 40.7% in the 2nd quarter. Bessemer Group Inc. now owns 724,009 shares of the medical instruments supplier’s stock worth $133,101,000 after purchasing an additional 209,306 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.
In related news, Director Christopher A. Kuebler sold 3,500 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $179.67, for a total value of $628,845.00. Following the transaction, the director now directly owns 17,849 shares in the company, valued at $3,206,929.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rohit Khanna sold 18,400 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $185.78, for a total transaction of $3,418,352.00. Following the completion of the transaction, the senior vice president now owns 22,477 shares in the company, valued at $4,175,777.06. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.
Shares of Waters Corporation (NYSE WAT) opened at 181.16 on Friday. Waters Corporation has a 12 month low of $133.35 and a 12 month high of $190.39. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 27.30 and a beta of 0.83. The stock’s 50 day moving average is $181.80 and its 200 day moving average is $174.21.
Waters Corporation (NYSE:WAT) last released its quarterly earnings results on Tuesday, July 25th. The medical instruments supplier reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.05. Waters Corporation had a net margin of 24.26% and a return on equity of 23.91%. The business had revenue of $558.30 million for the quarter, compared to the consensus estimate of $553.22 million. During the same period in the prior year, the company posted $1.58 earnings per share. Waters Corporation’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that Waters Corporation will post $7.38 earnings per share for the current fiscal year.
Several analysts have issued reports on the stock. BidaskClub upgraded shares of Waters Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Wells Fargo & Company restated an “outperform” rating and issued a $205.00 price target (up from $195.00) on shares of Waters Corporation in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Waters Corporation from a “hold” rating to a “buy” rating and set a $202.00 price target on the stock in a research report on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and issued a $175.00 price target on shares of Waters Corporation in a research report on Thursday, August 31st. Finally, Cowen and Company restated a “hold” rating and issued a $190.00 price target on shares of Waters Corporation in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Waters Corporation has an average rating of “Hold” and a consensus target price of $186.00.
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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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