Lido Advisors LLC boosted its stake in Waters Co. (NYSE:WAT – Free Report) by 8.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 988 shares of the medical instruments supplier’s stock after acquiring an additional 75 shares during the period. Lido Advisors LLC’s holdings in Waters were worth $263,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in WAT. American Century Companies Inc. lifted its stake in Waters by 10.2% in the first quarter. American Century Companies Inc. now owns 6,977 shares of the medical instruments supplier’s stock valued at $2,165,000 after buying an additional 645 shares during the period. Group One Trading L.P. acquired a new position in Waters in the first quarter valued at approximately $135,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Waters by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,167 shares of the medical instruments supplier’s stock valued at $2,535,000 after buying an additional 506 shares during the period. Dimensional Fund Advisors LP lifted its stake in Waters by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 294,027 shares of the medical instruments supplier’s stock valued at $91,287,000 after buying an additional 4,656 shares during the period. Finally, Prudential PLC lifted its stake in Waters by 39.4% in the first quarter. Prudential PLC now owns 4,626 shares of the medical instruments supplier’s stock valued at $1,436,000 after buying an additional 1,308 shares during the period. 94.01% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Barclays lowered Waters from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $270.00 to $230.00 in a research note on Monday, November 13th. Sanford C. Bernstein started coverage on Waters in a research report on Thursday, September 28th. They set a “market perform” rating and a $280.00 target price on the stock. Stifel Nicolaus lowered their target price on Waters from $305.00 to $290.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. StockNews.com started coverage on Waters in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Wells Fargo & Company lowered their target price on Waters from $305.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $298.00.
Waters Trading Down 0.3 %
Shares of Waters stock opened at $261.04 on Tuesday. The stock has a fifty day simple moving average of $260.15 and a 200 day simple moving average of $267.56. Waters Co. has a 12-month low of $231.90 and a 12-month high of $353.70. The company has a market capitalization of $15.44 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 5.83 and a beta of 0.90. The company has a current ratio of 2.19, a quick ratio of 1.46 and a debt-to-equity ratio of 2.71.
Waters (NYSE:WAT – Get Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The medical instruments supplier reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.28. The firm had revenue of $711.69 million during the quarter, compared to the consensus estimate of $722.27 million. Waters had a return on equity of 102.22% and a net margin of 21.80%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.64 EPS. On average, sell-side analysts anticipate that Waters Co. will post 11.69 earnings per share for the current fiscal year.
Waters Corporation, a specialty measurement company, 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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