Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Waters Corp. (NYSE:WAT) during the second quarter, Holdings Channel reports. The fund purchased 3,268 shares of the company’s stock, valued at approximately $460,000.
A number of other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp boosted its position in shares of Waters Corp. by 24.8% in the second quarter. Van ECK Associates Corp now owns 719 shares of the company’s stock valued at $101,000 after buying an additional 143 shares during the last quarter. Roble Belko & Company Inc purchased a new stake in Waters Corp. during the second quarter valued at approximately $113,000. Advisor Group Inc. purchased a new stake in Waters Corp. during the second quarter valued at approximately $132,000. Mizuho Asset Management Co. Ltd. raised its stake in Waters Corp. by 61.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,008 shares of the company’s stock valued at $142,000 after buying an additional 384 shares during the period. Finally, Societe Generale purchased a new stake in Waters Corp. during the second quarter valued at approximately $151,000. 93.22% of the stock is currently owned by institutional investors and hedge funds.
Waters Corp. (NYSE:WAT) traded up 0.27% on Friday, hitting $138.72. 144,346 shares of the stock traded hands. Waters Corp. has a 12 month low of $112.00 and a 12 month high of $162.53. The company has a market capitalization of $11.18 billion, a PE ratio of 22.75 and a beta of 0.95. The firm has a 50-day moving average price of $145.16 and a 200-day moving average price of $147.63.
Waters Corp. (NYSE:WAT) last posted its earnings results on Tuesday, October 25th. The company reported $1.57 EPS for the quarter, meeting analysts’ consensus estimates of $1.57. The business had revenue of $527 million for the quarter, compared to the consensus estimate of $330.78 million. Waters Corp. had a net margin of 23.44% and a return on equity of 24.33%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. Analysts forecast that Waters Corp. will post $6.55 earnings per share for the current year.
Several equities research analysts have recently issued reports on WAT shares. Cantor Fitzgerald restated a “buy” rating and set a $170.00 price target on shares of Waters Corp. in a research note on Tuesday, October 25th. Zacks Investment Research downgraded shares of Waters Corp. from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Jefferies Group reaffirmed a “hold” rating and issued a $145.00 price objective (down from $150.00) on shares of Waters Corp. in a report on Friday, October 28th. Finally, Leerink Swann reaffirmed an “outperform” rating and issued a $163.00 price objective on shares of Waters Corp. in a report on Thursday, November 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $151.15.
About Waters Corp.
Waters Corporation is an analytical instrument manufacturer. The Company designs, manufactures, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company operates through two segments: Waters Division and TA Division.