Gabelli Funds LLC decreased its holdings in Waters Co. (NYSE:WAT – Get Rating) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,400 shares of the medical instruments supplier’s stock after selling 200 shares during the quarter. Gabelli Funds LLC’s holdings in Waters were worth $2,878,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Private Trust Co. NA increased its stake in Waters by 192.3% in the 4th quarter. Private Trust Co. NA now owns 76 shares of the medical instruments supplier’s stock valued at $26,000 after buying an additional 50 shares during the period. Ronald Blue Trust Inc. increased its stake in Waters by 76.7% in the 4th quarter. Ronald Blue Trust Inc. now owns 106 shares of the medical instruments supplier’s stock valued at $29,000 after buying an additional 46 shares during the period. VitalStone Financial LLC acquired a new position in Waters in the 4th quarter valued at $30,000. Guardian Wealth Advisors LLC acquired a new position in Waters in the 3rd quarter valued at $31,000. Finally, CI Investments Inc. increased its stake in Waters by 75.5% in the 3rd quarter. CI Investments Inc. now owns 165 shares of the medical instruments supplier’s stock valued at $44,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 88.58% of the company’s stock.
Wall Street Analyst Weigh In
WAT has been the topic of several recent research reports. Stifel Nicolaus dropped their price objective on shares of Waters from $345.00 to $315.00 in a research note on Wednesday, May 10th. Citigroup boosted their price objective on shares of Waters from $325.00 to $340.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. Barclays dropped their price objective on shares of Waters from $350.00 to $325.00 in a research note on Wednesday, May 10th. StockNews.com cut shares of Waters from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Finally, Robert W. Baird lowered their price target on shares of Waters from $345.00 to $288.00 in a research note on Wednesday, May 10th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Waters presently has a consensus rating of “Hold” and a consensus target price of $335.27.
Waters Price Performance
Waters (NYSE:WAT – Get Rating) last issued its quarterly earnings data on Tuesday, May 9th. The medical instruments supplier reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.11). The business had revenue of $684.67 million during the quarter, compared to analyst estimates of $697.86 million. Waters had a net margin of 23.22% and a return on equity of 149.31%. Waters’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $2.80 earnings per share. As a group, research analysts forecast that Waters Co. will post 12.58 earnings per share for the current fiscal year.
About Waters
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.
Further Reading
- Get a free copy of the StockNews.com research report on Waters (WAT)
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