New Mexico Educational Retirement Board lifted its position in shares of Waters Co. (NYSE:WAT) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,690 shares of the medical instruments supplier’s stock after acquiring an additional 300 shares during the period. New Mexico Educational Retirement Board’s holdings in Waters were worth $1,486,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of WAT. Bristlecone Advisors LLC bought a new position in Waters during the 3rd quarter worth $175,000. Advisory Services Network LLC grew its stake in Waters by 6.0% during the 2nd quarter. Advisory Services Network LLC now owns 1,145 shares of the medical instruments supplier’s stock worth $210,000 after buying an additional 65 shares during the last quarter. Checchi Capital Advisers LLC bought a new position in Waters during the 4th quarter worth $210,000. Carnick & Kubik Group LLC bought a new position in Waters during the 3rd quarter worth $246,000. Finally, Zions Bancorporation grew its stake in Waters by 12,075.0% during the 3rd quarter. Zions Bancorporation now owns 1,461 shares of the medical instruments supplier’s stock worth $262,000 after buying an additional 1,449 shares during the last quarter. 93.36% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP David Terricciano sold 21,997 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $197.52, for a total transaction of $4,344,847.44. Following the completion of the transaction, the senior vice president now owns 9,173 shares of the company’s stock, valued at $1,811,850.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Elizabeth B. Rae sold 28,400 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $219.01, for a total value of $6,219,884.00. Following the transaction, the senior vice president now directly owns 13,443 shares of the company’s stock, valued at approximately $2,944,151.43. The disclosure for this sale can be found here. In the last three months, insiders sold 121,289 shares of company stock valued at $25,383,542. Company insiders own 5.07% of the company’s stock.
Waters Co. (WAT) opened at $206.18 on Tuesday. Waters Co. has a 52 week low of $152.05 and a 52 week high of $220.20. The stock has a market capitalization of $16,400.00, a price-to-earnings ratio of 1,145.44, a PEG ratio of 2.47 and a beta of 0.88. The company has a quick ratio of 1.97, a current ratio of 2.10 and a debt-to-equity ratio of 0.66.
Waters (NYSE:WAT) last released its quarterly earnings results on Tuesday, January 23rd. The medical instruments supplier reported $2.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.07. Waters had a return on equity of 24.70% and a net margin of 0.88%. The company had revenue of $687.28 million during the quarter, compared to analysts’ expectations of $671.98 million. During the same quarter in the prior year, the business posted $2.21 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. research analysts expect that Waters Co. will post 8.16 EPS for the current year.
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Waters Company Profile
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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