Victory Capital Management Inc. increased its position in Waters Co. (NYSE:WAT) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,734 shares of the medical instruments supplier’s stock after buying an additional 1,344 shares during the period. Victory Capital Management Inc.’s holdings in Waters were worth $2,653,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. CIBC World Markets Inc. acquired a new position in shares of Waters in the fourth quarter valued at approximately $852,000. HL Financial Services LLC raised its position in shares of Waters by 1.1% in the fourth quarter. HL Financial Services LLC now owns 40,421 shares of the medical instruments supplier’s stock valued at $7,809,000 after buying an additional 455 shares during the last quarter. Dean Capital Investments Management LLC acquired a new position in shares of Waters in the fourth quarter valued at approximately $706,000. Mutual of America Capital Management LLC raised its position in shares of Waters by 5.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 10,240 shares of the medical instruments supplier’s stock valued at $1,978,000 after buying an additional 572 shares during the last quarter. Finally, Ownership Capital B.V. raised its position in shares of Waters by 0.4% in the fourth quarter. Ownership Capital B.V. now owns 416,595 shares of the medical instruments supplier’s stock valued at $80,482,000 after buying an additional 1,703 shares during the last quarter. 93.36% of the stock is owned by institutional investors and hedge funds.
Shares of Waters Co. (WAT) opened at $206.18 on Tuesday. Waters Co. has a twelve month low of $152.05 and a twelve month high of $220.20. The stock has a market cap of $16,398.12, a P/E ratio of 27.49, a P/E/G ratio of 2.47 and a beta of 0.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.10 and a quick ratio of 1.97.
In other Waters news, Director William J. Miller sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $194.94, for a total transaction of $682,290.00. Following the completion of the sale, the director now directly owns 25,849 shares in the company, valued at $5,039,004.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mark T. Beaudouin sold 42,143 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $217.21, for a total transaction of $9,153,881.03. Following the sale, the senior vice president now owns 20,749 shares of the company’s stock, valued at $4,506,890.29. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,289 shares of company stock valued at $25,383,542. 5.07% of the stock is owned by insiders.
WAT has been the subject of a number of analyst reports. Deutsche Bank boosted their price objective on shares of Waters from $199.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Bank of America boosted their price objective on shares of Waters from $192.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Barclays boosted their price objective on shares of Waters from $188.00 to $193.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Waters from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a research report on Monday, October 23rd. Finally, Cowen reissued a “hold” rating and issued a $190.00 price objective on shares of Waters in a research report on Friday, November 3rd. Twelve equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $203.75.
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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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