State of Michigan Retirement System Buys 100 Shares of Waters Co. (NYSE:WAT)

State of Michigan Retirement System boosted its stake in shares of Waters Co. (NYSE:WATFree Report) by 0.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,897 shares of the medical instruments supplier’s stock after purchasing an additional 100 shares during the period. State of Michigan Retirement System’s holdings in Waters were worth $5,563,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in WAT. First Capital Advisors Group LLC. bought a new position in Waters during the second quarter worth about $26,000. West Tower Group LLC purchased a new position in shares of Waters in the second quarter worth about $28,000. Exchange Traded Concepts LLC purchased a new position in shares of Waters in the fourth quarter worth about $35,000. Harbour Investments Inc. increased its stake in shares of Waters by 11,000.0% in the second quarter. Harbour Investments Inc. now owns 111 shares of the medical instruments supplier’s stock worth $30,000 after purchasing an additional 110 shares in the last quarter. Finally, Clear Street Markets LLC increased its stake in shares of Waters by 94.9% in 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. Institutional investors own 94.01% of the company’s stock.

Waters Trading Up 0.4 %

Shares of Waters stock opened at $341.10 on Thursday. The firm has a market cap of $20.19 billion, a PE ratio of 31.44, a PEG ratio of 6.76 and a beta of 0.92. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.22 and a quick ratio of 1.57. Waters Co. has a 1 year low of $231.90 and a 1 year high of $363.80. The company has a 50 day simple moving average of $335.73 and a two-hundred day simple moving average of $301.49.

Waters (NYSE:WATGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The medical instruments supplier reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.06. Waters had a net margin of 21.72% and a return on equity of 81.30%. The firm had revenue of $819.50 million during the quarter, compared to analyst estimates of $815.50 million. During the same period in the previous year, the business posted $3.84 EPS. The business’s quarterly revenue was down 4.5% on a year-over-year basis. Analysts expect that Waters Co. will post 11.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WAT shares. Citigroup lifted their target price on shares of Waters from $265.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, December 11th. Barclays lifted their target price on shares of Waters from $275.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. TheStreet raised shares of Waters from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Wolfe Research initiated coverage on shares of Waters in a research note on Wednesday, December 13th. They set a “peer perform” rating for the company. Finally, Stifel Nicolaus boosted their price objective on shares of Waters from $290.00 to $330.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, Waters presently has a consensus rating of “Hold” and a consensus target price of $293.50.

View Our Latest Stock Analysis on Waters

Insider Buying and Selling

In related news, Director Linda Baddour sold 500 shares of Waters stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $355.54, for a total value of $177,770.00. Following the transaction, the director now directly owns 2,250 shares of the company’s stock, valued at $799,965. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.98% of the stock is owned by insiders.

Waters Company Profile

(Free Report)

Waters Corporation 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.

Further Reading

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Institutional Ownership by Quarter for Waters (NYSE:WAT)

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