Waters Co. (NYSE:WAT) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC raised its position in Waters Co. (NYSE:WAT – Free Report) by 1,719.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 382 shares of the medical instruments supplier’s stock after buying an additional 361 shares during the quarter. Global Retirement Partners LLC’s holdings in Waters were worth $113,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. ING Groep NV increased its stake in Waters by 6.6% in the 4th quarter. ING Groep NV now owns 10,001 shares of the medical instruments supplier’s stock valued at $3,426,000 after buying an additional 617 shares during the period. Empirical Finance LLC boosted its position in shares of Waters by 4.5% in the 1st quarter. Empirical Finance LLC now owns 1,643 shares of the medical instruments supplier’s stock worth $509,000 after buying an additional 70 shares in the last quarter. Park Place Capital Corp purchased a new position in Waters in the 1st quarter valued at about $65,000. Kepos Capital LP purchased a new position in Waters in the 4th quarter valued at about $126,000. Finally, Summit Trail Advisors LLC lifted its holdings in Waters by 5.4% in the 1st quarter. Summit Trail Advisors LLC now owns 1,030 shares of the medical instruments supplier’s stock valued at $319,000 after purchasing an additional 53 shares in the last quarter. 90.09% of the stock is owned by institutional investors and hedge funds.

Get Waters alerts:

Insider Activity

In other news, Director Christopher A. Kuebler sold 4,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $291.48, for a total transaction of $1,165,920.00. Following the completion of the transaction, the director now directly owns 14,382 shares in the company, valued at approximately $4,192,065.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

WAT has been the topic of a number of recent research reports. Robert W. Baird reduced their target price on shares of Waters from $345.00 to $288.00 in a report on Wednesday, May 10th. Wells Fargo & Company reduced their target price on shares of Waters from $345.00 to $305.00 in a report on Wednesday, May 10th. Bank of America reduced their target price on shares of Waters from $350.00 to $315.00 in a report on Wednesday, May 10th. Barclays upped their target price on shares of Waters from $275.00 to $288.00 and gave the company an “equal weight” rating in a report on Thursday, August 3rd. Finally, Stifel Nicolaus reduced their target price on shares of Waters from $345.00 to $315.00 in a report on Wednesday, May 10th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $322.00.

Read Our Latest Analysis on Waters

Waters Stock Up 0.8 %

Shares of NYSE:WAT opened at $291.66 on Friday. The company has a market capitalization of $17.24 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 3.52 and a beta of 0.86. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 3.35. The company has a 50 day moving average of $271.66 and a two-hundred day moving average of $292.53. Waters Co. has a 52-week low of $248.18 and a 52-week high of $353.70.

Waters (NYSE:WAT – Get Free Report) last released its earnings results on Wednesday, August 2nd. The medical instruments supplier reported $2.80 EPS for the quarter, beating the consensus estimate of $2.59 by $0.21. The company had revenue of $740.58 million during the quarter, compared to analysts’ expectations of $733.51 million. Waters had a return on equity of 124.03% and a net margin of 22.54%. As a group, analysts forecast that Waters Co. will post 12.24 earnings per share for the current fiscal year.

Waters Company 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.

See Also

• Five stocks we like better than Waters
• How to Know if a Stock Pays Dividends and When They Are Paid Out
• Investing in Coffee: 3 Great Strategies to Consider
• The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
• 5 Best Stocks to Buy in a Bear Market
• How to Invest in Canada for Beginners 
• 3 Pharmaceutical Stocks to Buy and Hold for the Long Haul

Receive News & Ratings for Waters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waters and related companies with MarketBeat.com's FREE daily email newsletter.