New York State Teachers Retirement System lessened its holdings in Waters Co. (NYSE:WAT - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,357 shares of the medical instruments supplier's stock after selling 1,618 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Waters worth $19,423,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of WAT. Kennebec Savings Bank purchased a new position in Waters in the third quarter valued at $33,000. Fortitude Family Office LLC boosted its stake in shares of Waters by 235.7% in the 4th quarter. Fortitude Family Office LLC now owns 94 shares of the medical instruments supplier's stock valued at $35,000 after buying an additional 66 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Waters during the third quarter worth about $35,000. R Squared Ltd purchased a new stake in shares of Waters during the fourth quarter worth approximately $63,000. Finally, Itau Unibanco Holding S.A. raised its holdings in Waters by 63.2% in the third quarter. Itau Unibanco Holding S.A. now owns 186 shares of the medical instruments supplier's stock valued at $67,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 94.01% of the company's stock.
Waters Stock Performance
Waters stock traded up $1.01 during midday trading on Wednesday, hitting $377.30. 553,526 shares of the company's stock were exchanged, compared to its average volume of 463,026. The firm's 50 day simple moving average is $388.97 and its 200 day simple moving average is $365.18. Waters Co. has a 12-month low of $279.24 and a 12-month high of $423.56. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.65 and a current ratio of 0.94. The stock has a market cap of $22.40 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 3.67 and a beta of 1.01.
Waters (NYSE:WAT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The medical instruments supplier reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.08. Waters had a return on equity of 46.31% and a net margin of 21.56%. Equities research analysts predict that Waters Co. will post 12.88 EPS for the current year.
Analysts Set New Price Targets
WAT has been the topic of a number of recent analyst reports. TD Cowen increased their price objective on shares of Waters from $363.00 to $410.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Wells Fargo & Company increased their target price on Waters from $415.00 to $420.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Bank of America decreased their price target on Waters from $430.00 to $410.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Barclays upgraded Waters from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $360.00 to $415.00 in a report on Monday, February 10th. Finally, Stifel Nicolaus raised their target price on Waters from $332.00 to $360.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $390.40.
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About Waters
(
Free Report)
Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, 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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