Waters Corporation (WAT) Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. grew its holdings in shares of Waters Corporation (NYSE:WAT) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,223 shares of the medical instruments supplier’s stock after acquiring an additional 6,855 shares during the quarter. Russell Investments Group Ltd. owned about 0.24% of Waters Corporation worth $33,790,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of WAT. Janus Henderson Group PLC boosted its position in shares of Waters Corporation by 20,670.6% during the 2nd 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 last quarter. Koch Industries Inc. boosted its position in shares of Waters Corporation by 36,932.0% during the 2nd 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 last quarter. Fundsmith LLP boosted its position in shares of Waters Corporation by 11.7% during the 2nd 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 last quarter. Renaissance Technologies LLC boosted its position in shares of Waters Corporation by 214.5% during the 2nd 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 last quarter. Finally, American Century Companies Inc. boosted its position in shares of Waters Corporation by 200.4% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 92.04% of the company’s stock.
In other news, Director Thomas P. Salice sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $200.03, for a total transaction of $700,105.00. Following the transaction, the director now directly owns 20,349 shares of the company’s stock, valued at $4,070,410.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Rohit Khanna sold 18,400 shares of the business’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 transaction, the senior vice president now directly owns 22,477 shares in the company, valued at $4,175,777.06. The disclosure for this sale can be found here. Insiders sold a total of 60,813 shares of company stock worth $11,820,747 over the last ninety days. Insiders own 5.07% of the company’s stock.
A number of analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) assumed coverage on Waters Corporation in a research report on Tuesday, September 26th. They set a “hold” rating and a $180.00 price target for the company. BidaskClub upgraded Waters Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Jefferies Group LLC reiterated a “hold” rating and set a $175.00 price target on shares of Waters Corporation in a research report on Thursday, July 27th. Morgan Stanley reiterated an “underweight” rating and set a $183.00 price target (up previously from $174.00) on shares of Waters Corporation in a research report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded Waters Corporation from a “hold” rating to a “buy” rating and set a $211.00 price target for the company in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Waters Corporation presently has an average rating of “Hold” and a consensus target price of $193.62.
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Waters Corporation (WAT) opened at $198.06 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 6.16 and a quick ratio of 5.71. The company has a market capitalization of $15,928.08, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 2.91 and a beta of 0.83. Waters Corporation has a 12 month low of $133.35 and a 12 month high of $200.71.
Waters Corporation (NYSE:WAT) last announced its quarterly earnings results on Tuesday, October 24th. The medical instruments supplier reported $1.77 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.03. The business had revenue of $565.58 million for the quarter, compared to analysts’ expectations of $555.25 million. Waters Corporation had a return on equity of 23.61% and a net margin of 24.34%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. equities analysts predict that Waters Corporation will post 7.42 earnings per share for the current fiscal year.
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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