Waters Corporation (WAT) Shares Sold by Oak Associates Ltd. OH
Oak Associates Ltd. OH lowered its position in Waters Corporation (NYSE:WAT) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,850 shares of the medical instruments supplier’s stock after selling 350 shares during the quarter. Oak Associates Ltd. OH’s holdings in Waters Corporation were worth $4,385,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. Advisory Services Network LLC boosted its holdings in Waters Corporation 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 acquiring an additional 65 shares during the last quarter. Beaton Management Co. Inc. acquired a new position in Waters Corporation in the second quarter valued at $607,000. Dynamic Technology Lab Private Ltd boosted its holdings in Waters Corporation by 303.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 7,150 shares of the medical instruments supplier’s stock valued at $1,315,000 after acquiring an additional 5,379 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in Waters Corporation by 2,616.0% in the second quarter. WINTON GROUP Ltd now owns 129,771 shares of the medical instruments supplier’s stock valued at $23,857,000 after acquiring an additional 124,993 shares during the last quarter. Finally, North Star Asset Management Inc. boosted its holdings in Waters Corporation by 7.0% in the second quarter. North Star Asset Management Inc. now owns 18,899 shares of the medical instruments supplier’s stock valued at $3,474,000 after acquiring an additional 1,240 shares during the last quarter. Hedge funds and other institutional investors own 90.95% of the company’s stock.
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A number of research analysts recently weighed in on WAT shares. Deutsche Bank AG cut Waters Corporation from a “buy” rating to a “hold” rating and lifted their target price for the company from $183.00 to $194.00 in a report on Monday, July 10th. 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. Wells Fargo & Company reiterated an “outperform” rating and issued a $205.00 target price (up previously from $195.00) on shares of Waters Corporation in a report on Thursday, July 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $170.00 target price on shares of Waters Corporation in a report on Friday, July 14th. Finally, Cowen and Company reiterated 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 issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Waters Corporation has a consensus rating of “Hold” and a consensus price target of $186.25.
Waters Corporation (WAT) traded down 0.01% on Monday, reaching $185.77. The company’s stock had a trading volume of 60,965 shares. Waters Corporation has a 1-year low of $133.35 and a 1-year high of $190.39. The stock has a 50 day moving average price of $183.92 and a 200-day moving average price of $177.74. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 28.00 and a beta of 0.82.
Waters Corporation (NYSE:WAT) last issued its quarterly earnings data on Tuesday, July 25th. The medical instruments supplier reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.05. The firm had revenue of $558.30 million during the quarter, compared to analysts’ expectations of $553.22 million. Waters Corporation had a net margin of 24.26% and a return on equity of 23.91%. Waters Corporation’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. Equities analysts predict that Waters Corporation will post $7.39 earnings per share for the current fiscal year.
In related news, Director Christopher A. Kuebler sold 3,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $179.67, for a total value of $628,845.00. Following the completion of the sale, the director now directly owns 17,849 shares in the company, valued at $3,206,929.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rohit Khanna sold 18,400 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $185.78, for a total transaction of $3,418,352.00. Following the completion of the sale, the senior vice president now owns 22,477 shares of the company’s stock, 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.
Waters Corporation 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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