Today: Robeco Institutional Asset Management B.V. invests in Waters Corp. (WAT) Shares

Today: Robeco Institutional Asset Management B.V. invests in Waters Corp. (WAT) Shares

Robeco Institutional Asset Management B.V. boosted its position in Waters Corp. (NYSE:WAT) by 56.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 214,596 shares of the company’s stock after buying an additional 77,731 shares during the period. Robeco Institutional Asset Management B.V. owned 0.27% of Waters Corp. worth $34,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Waters Corp. by 24.8% in the second quarter. Van ECK Associates Corp now owns 719 shares of the company’s stock worth $101,000 after buying an additional 143 shares in the last quarter. Roble Belko & Company Inc bought a new position in Waters Corp. during the second quarter worth $113,000. Creative Planning increased its position in Waters Corp. by 267.6% in the third quarter. Creative Planning now owns 772 shares of the company’s stock worth $122,000 after buying an additional 562 shares in the last quarter. Advisor Group Inc. bought a new position in Waters Corp. during the second quarter worth $132,000. Finally, Mizuho Asset Management Co. Ltd. increased its position 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 worth $142,000 after buying an additional 384 shares in the last quarter. Institutional investors and hedge funds own 90.37% of the company’s stock.

Waters Corp. (NYSE:WAT) opened at 138.72 on Monday. The firm has a 50-day moving average price of $145.16 and a 200 day moving average price of $147.63. The firm has a market capitalization of $11.18 billion, a PE ratio of 22.75 and a beta of 0.95. Waters Corp. has a one year low of $112.00 and a one year high of $162.53.

Waters Corp. (NYSE:WAT) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.57 EPS for the quarter, hitting the consensus estimate of $1.57. The firm earned $527 million during the quarter, compared to the consensus estimate of $330.78 million. Waters Corp. had a return on equity of 24.33% and a net margin of 23.44%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.42 earnings per share. Analysts anticipate that Waters Corp. will post $6.55 EPS for the current fiscal year.

A number of research firms have weighed in on WAT. Leerink Swann restated an “outperform” rating and issued a $163.00 price target on shares of Waters Corp. in a research note on Thursday, November 10th. Jefferies Group restated a “hold” rating and issued a $145.00 price target (down from $150.00) on shares of Waters Corp. in a research note on Friday, October 28th. Cantor Fitzgerald restated a “buy” rating and issued a $170.00 price target on shares of Waters Corp. in a research note on Tuesday, October 25th. Finally, Zacks Investment Research downgraded Waters Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, October 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Waters Corp. has an average rating of “Hold” and a consensus target price of $151.15.

Waters Corp. Company Profile

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