Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.26 Million Stock Holdings in Waters Co. (NYSE:WAT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Waters Co. (NYSE:WATFree Report) by 15.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,884 shares of the medical instruments supplier’s stock after purchasing an additional 1,588 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Waters were worth $3,259,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Glassman Wealth Services lifted its stake in Waters by 39.6% during the 2nd quarter. Glassman Wealth Services now owns 141 shares of the medical instruments supplier’s stock valued at $38,000 after acquiring an additional 40 shares in the last quarter. Private Trust Co. NA boosted its stake in Waters by 55.3% in the third quarter. Private Trust Co. NA now owns 118 shares of the medical instruments supplier’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Summit Trail Advisors LLC grew its position in shares of Waters by 3.9% during the 3rd quarter. Summit Trail Advisors LLC now owns 1,180 shares of the medical instruments supplier’s stock valued at $324,000 after acquiring an additional 44 shares during the period. IFP Advisors Inc increased its stake in shares of Waters by 35.2% during the 3rd quarter. IFP Advisors Inc now owns 173 shares of the medical instruments supplier’s stock worth $47,000 after purchasing an additional 45 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its holdings in shares of Waters by 2.9% in the 1st quarter. Wetherby Asset Management Inc. now owns 1,645 shares of the medical instruments supplier’s stock worth $511,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 94.01% of the company’s stock.

Waters Stock Down 0.8 %

Shares of NYSE WAT opened at $320.20 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 2.71. The business has a 50-day moving average of $315.76 and a 200-day moving average of $285.57. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 6.42 and a beta of 0.92. Waters Co. has a 12 month low of $231.90 and a 12 month high of $341.94.

Waters (NYSE:WATGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The medical instruments supplier reported $3.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.56 by $0.06. Waters had a net margin of 21.72% and a return on equity of 81.30%. The company had revenue of $819.50 million during the quarter, compared to the consensus estimate of $815.50 million. During the same period in the previous year, the firm posted $3.84 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. Sell-side analysts expect that Waters Co. will post 11.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on WAT. TheStreet upgraded Waters from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Citigroup increased their target price on shares of Waters from $265.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, December 11th. Wells Fargo & Company cut their price objective on shares of Waters from $305.00 to $285.00 and set an “equal weight” rating for the company in a report on Wednesday, November 8th. Barclays boosted their target price on shares of Waters from $275.00 to $300.00 and gave the company an “underweight” rating in a report on Monday. Finally, JPMorgan Chase & Co. cut their price target on Waters from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, Waters has an average rating of “Hold” and an average target price of $293.50.

Get Our Latest Research Report on WAT

Waters Profile

(Free Report)

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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Institutional Ownership by Quarter for Waters (NYSE:WAT)

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