Global X MANAGEMENT CO LLC Boosts Holdings in Waters Corporation (WAT)
Global X MANAGEMENT CO LLC raised its position in shares of Waters Corporation (NYSE:WAT) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,956 shares of the medical instruments supplier’s stock after acquiring an additional 337 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Waters Corporation were worth $890,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of WAT. Janus Henderson Group PLC grew its position in Waters Corporation by 20,670.6% during the second quarter. Janus Henderson Group PLC now owns 1,929,793 shares of the medical instruments supplier’s stock valued at $354,773,000 after acquiring an additional 1,920,502 shares during the period. Koch Industries Inc. grew its position in Waters Corporation by 36,932.0% during the second quarter. Koch Industries Inc. now owns 534,742 shares of the medical instruments supplier’s stock valued at $532,000 after acquiring an additional 533,298 shares during the period. Fundsmith LLP grew its position in Waters Corporation by 11.7% during the second quarter. Fundsmith LLP now owns 3,833,955 shares of the medical instruments supplier’s stock valued at $704,834,000 after acquiring an additional 401,420 shares during the period. Renaissance Technologies LLC grew its position in Waters Corporation by 214.5% during the second quarter. Renaissance Technologies LLC now owns 526,400 shares of the medical instruments supplier’s stock valued at $96,773,000 after acquiring an additional 359,000 shares during the period. Finally, American Century Companies Inc. grew its position in Waters Corporation by 200.4% during the third quarter. American Century Companies Inc. now owns 512,899 shares of the medical instruments supplier’s stock valued at $92,076,000 after acquiring an additional 342,134 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.
Waters Corporation (NYSE WAT) opened at $194.84 on Thursday. The company has a quick ratio of 5.71, a current ratio of 6.16 and a debt-to-equity ratio of 0.66. Waters Corporation has a one year low of $133.35 and a one year high of $199.78. The company has a market capitalization of $15,559.84, a PE ratio of 27.17, a P/E/G ratio of 2.84 and a beta of 0.83.
Waters Corporation (NYSE:WAT) last released its quarterly earnings results on Tuesday, October 24th. The medical instruments supplier reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.03. Waters Corporation had a return on equity of 23.61% and a net margin of 24.34%. The business had revenue of $565.58 million for the quarter, compared to analysts’ expectations of $555.25 million. During the same quarter in the previous year, the firm posted $1.57 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. analysts forecast that Waters Corporation will post 7.42 EPS for the current year.
WAT has been the subject of several analyst reports. Bank of America Corporation reaffirmed a “neutral” rating and issued a $192.00 target price (up previously from $180.00) on shares of Waters Corporation in a research report on Friday, July 21st. Barclays PLC upped their target price on Waters Corporation from $188.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 25th. Deutsche Bank AG upped their target price on Waters Corporation from $199.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Waters Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Robert W. Baird upped their target price on Waters Corporation from $196.00 to $199.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $193.62.
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In other Waters Corporation news, SVP Elizabeth B. Rae sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $197.95, for a total transaction of $2,375,400.00. Following the sale, the senior vice president now owns 18,129 shares in the company, valued at $3,588,635.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Rohit Khanna sold 18,400 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $185.78, for a total value of $3,418,352.00. Following the sale, the senior vice president now owns 22,477 shares in the company, valued at approximately $4,175,777.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,313 shares of company stock worth $11,120,642. 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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