33,946 Shares in Waters Co. (WAT) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in shares of Waters Co. (NYSE:WAT) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 33,946 shares of the medical instruments supplier’s stock, valued at approximately $6,558,000.

Several other large investors also recently added to or reduced their stakes in WAT. Harding Loevner LP raised its stake in shares of Waters by 207.1% during the 3rd quarter. Harding Loevner LP now owns 2,768,174 shares of the medical instruments supplier’s stock valued at $158,275,000 after purchasing an additional 1,866,848 shares during the period. Mackenzie Financial Corp raised its stake in shares of Waters by 157.5% during the 3rd quarter. Mackenzie Financial Corp now owns 651,400 shares of the medical instruments supplier’s stock valued at $116,939,000 after purchasing an additional 398,438 shares during the period. American Century Companies Inc. raised its stake in shares of Waters by 200.4% during the 3rd quarter. American Century Companies Inc. now owns 512,899 shares of the medical instruments supplier’s stock valued at $92,076,000 after purchasing an additional 342,134 shares during the period. Pictet Asset Management Ltd. increased its stake in Waters by 57.9% in the 3rd quarter. Pictet Asset Management Ltd. now owns 340,478 shares of the medical instruments supplier’s stock worth $61,123,000 after acquiring an additional 124,800 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Waters by 255.5% in the 3rd quarter. First Trust Advisors LP now owns 170,217 shares of the medical instruments supplier’s stock worth $30,557,000 after acquiring an additional 122,339 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Waters Co. (NYSE:WAT) opened at $204.62 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.97 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $15,783.33, a PE ratio of 1,077.00, a PEG ratio of 2.38 and a beta of 0.88. Waters Co. has a 1 year low of $149.22 and a 1 year high of $220.20.

Waters (NYSE:WAT) last announced its quarterly earnings data on Tuesday, January 23rd. The medical instruments supplier reported $2.51 EPS for the quarter, beating the consensus estimate of $2.44 by $0.07. The firm had revenue of $687.28 million for the quarter, compared to analyst estimates of $671.98 million. Waters had a return on equity of 24.70% and a net margin of 0.88%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.21 EPS. sell-side analysts anticipate that Waters Co. will post 8.16 earnings per share for the current fiscal year.

A number of brokerages have weighed in on WAT. BTIG Research restated a “buy” rating on shares of Waters in a research note on Thursday, January 25th. William Blair restated an “outperform” rating on shares of Waters in a research note on Tuesday, January 23rd. Janney Montgomery Scott upped their target price on Waters from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Barclays upped their target price on Waters from $202.00 to $208.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Citigroup upped their target price on Waters from $190.00 to $223.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Twelve analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Waters presently has an average rating of “Hold” and a consensus target price of $203.75.

In other news, SVP Eugene G. Cassis sold 23,863 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $197.53, for a total transaction of $4,713,658.39. Following the transaction, the senior vice president now directly owns 15,100 shares in the company, valued at approximately $2,982,703. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J. Miller sold 3,500 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $194.94, for a total value of $682,290.00. Following the transaction, the director now owns 25,849 shares in the company, valued at $5,039,004.06. The disclosure for this sale can be found here. Insiders have sold a total of 124,789 shares of company stock worth $26,083,647 over the last quarter. Corporate insiders own 5.07% of the company’s stock.

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About Waters

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and 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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