Waters Co. (NYSE:WAT) Shares Acquired by New Mexico Educational Retirement Board

Posted by Defense World Staff on Oct 3rd, 2023

Waters logo New Mexico Educational Retirement Board lifted its holdings in shares of Waters Co. (NYSE:WAT – Free Report) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,840 shares of the medical instruments supplier’s stock after buying an additional 100 shares during the period. New Mexico Educational Retirement Board’s holdings in Waters were worth $757,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. ANTIPODES PARTNERS Ltd purchased a new position in Waters during the first quarter worth about $25,000. Cascade Investment Advisors Inc. purchased a new position in Waters during the first quarter worth about $31,000. Clear Street Markets LLC raised its holdings in Waters by 94.9% during the first quarter. Clear Street Markets LLC now owns 115 shares of the medical instruments supplier’s stock worth $36,000 after purchasing an additional 56 shares in the last quarter. Advisory Services Network LLC raised its holdings in Waters by 64.2% during the first quarter. Advisory Services Network LLC now owns 133 shares of the medical instruments supplier’s stock worth $41,000 after purchasing an additional 52 shares in the last quarter. Finally, Quarry LP purchased a new position in Waters during the first quarter worth about $54,000. Institutional investors and hedge funds own 94.01% of the company’s stock.

Insider Transactions at Waters

In related news, Director Christopher A. Kuebler sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $291.48, for a total transaction of $1,165,920.00. Following the sale, the director now owns 14,382 shares in the company, valued at $4,192,065.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WAT shares. StockNews.com started coverage on shares of Waters in a report on Thursday, August 17th. They issued a “hold” rating for the company. Barclays dropped their target price on shares of Waters from $288.00 to $270.00 in a report on Friday. Finally, Sanford C. Bernstein started coverage on shares of Waters in a report on Thursday, September 28th. They issued a “market perform” rating and a $280.00 target price for the company. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $312.78.

Get Our Latest Stock Analysis on WAT

Waters Trading Down 1.3 %

Shares of WAT opened at $270.52 on Tuesday. The company has a debt-to-equity ratio of 3.35, a current ratio of 2.08 and a quick ratio of 1.41. The firm has a 50 day simple moving average of $277.73 and a 200-day simple moving average of $279.13. Waters Co. has a 1-year low of $248.18 and a 1-year high of $353.70. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 3.33 and a beta of 0.86.

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

About Waters

(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.