Jane Street Group LLC acquired a new position in Waters Co. (NYSE:WAT) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,523 shares of the medical instruments supplier’s stock, valued at approximately $294,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of WAT. Brown Advisory Securities LLC purchased a new stake in shares of Waters in the fourth quarter worth $202,000. Checchi Capital Advisers LLC purchased a new stake in shares of Waters in the fourth quarter worth $210,000. Trust Co. of Virginia VA purchased a new stake in shares of Waters in the fourth quarter worth $213,000. Contravisory Investment Management Inc. purchased a new stake in shares of Waters in the fourth quarter worth $290,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Waters in the fourth quarter worth $316,000. Institutional investors and hedge funds own 94.49% of the company’s stock.
A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Waters from a “hold” rating to a “buy” rating and set a $219.00 target price on the stock in a research note on Saturday, April 7th. Morgan Stanley dropped their price objective on Waters from $237.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 11th. JPMorgan Chase increased their price objective on Waters from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Citigroup increased their price objective on Waters from $190.00 to $223.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, ValuEngine raised Waters from a “hold” rating to a “buy” rating in a research report on Monday, March 19th. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $205.50.
Waters (NYSE:WAT) last announced its earnings results on Tuesday, January 23rd. The medical instruments supplier reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.07. The business had revenue of $687.28 million for the quarter, compared to analysts’ expectations of $671.98 million. Waters had a return on equity of 24.70% and a net margin of 0.88%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $2.21 earnings per share. equities analysts anticipate that Waters Co. will post 8.18 EPS for the current year.
In other Waters news, SVP Mark T. Beaudouin sold 42,143 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $217.21, for a total value of $9,153,881.03. Following the transaction, the senior vice president now directly owns 20,749 shares of the company’s stock, valued at $4,506,890.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Terricciano sold 1,523 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $208.80, for a total value of $318,002.40. Following the completion of the transaction, the senior vice president now directly owns 3,273 shares in the company, valued at $683,402.40. The disclosure for this sale can be found here. Insiders sold 73,794 shares of company stock worth $16,057,538 over the last three months. Insiders own 0.98% of the company’s stock.
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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