Victory Capital Management Inc. Purchases 1594 Shares of Waters Corporation (WAT)

Remigio Civitarese
Settembre 17, 2017

Municipal Employees Retirement System of MI raised its position in shares of Waters Corporation by 0.4% in the third quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WAT. Columbia Asset Management raised its position in shares of Waters Corporation by 1.0% in the third quarter. Columbia Asset Management now owns 2,076 shares of the company's stock worth $329,000 after buying an additional 20 shares during the last quarter. Creative Planning raised its holdings in shares of Waters Corporation by 1.6% during the first quarter. Ltd. now owns 373,950 shares of the medical instruments supplier's stock worth $58,452,000 after purchasing an additional 364,200 shares during the last quarter. Baillie Gifford & Co. owned 3.70% of Waters Corporation worth $544,345,000 as of its most recent SEC filing. Commerce Bank now owns 2,512 shares of the company's stock worth $398,000 after buying an additional 26 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Waters Corporation by 0.4% in the fourth quarter. The firm owned 2,960,973 shares of the medical instruments supplier's stock after selling 36,164 shares during the quarter. Alps Advisors Inc. increased its stake in Waters Corporation by 0.3% in the 2nd quarter. Creative Planning now owns 744 shares of the medical instruments supplier's stock valued at $116,000 after buying an additional 12 shares during the last quarter.

Here is a rundown on some insider market activity for Waters Corporation (NYSE:WAT).

Traders are feeling more bearish on shares of Waters Corporation recently if you take note of the change in short interest. Zacks Investment Research lowered Waters Corporation from a "buy" rating to a "hold" rating in a research note on Thursday, July 27th. Northwestern Mutual Investment Management Company, LLC added to its investment by buying 2,177 shares an increase of 13.4% in the quarter. Jefferies Group LLC restated a "hold" rating and issued a $170.00 price target on shares of Waters Corporation in a research note on Friday, July 14th. Finally, Wells Fargo & Company restated an "outperform" rating and issued a $205.00 price target (up from $195.00) on shares of Waters Corporation in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of "Hold" and an average price target of $153.73. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and global trademark & copyright law. The legal version of this piece of content can be viewed at https://weekherald.com/2017/09/16/baillie-gifford-co-has-544-35-million-position-in-waters-corporation-wat.html.

Waters Corporation (WAT) opened at 187.73 on Friday. The stock has a market cap of $14.99 billion, a price-to-earnings ratio of 28.29 and a beta of 0.83. The company has a 50 day moving average price of $144.76 and a 200 day moving average price of $147.34. Waters Corporation has a 1-year low of $133.35 and a 1-year high of $190.39.

Waters Corporation (NYSE:WAT) last released its quarterly earnings data on Tuesday, July 25th. The medical instruments supplier reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.71 by $0.05. The firm had revenue of $558.30 million during the quarter, compared to the consensus estimate of $553.22 million. Waters Corporation had a net margin of 24.26% and a return on equity of 23.91%. The company's revenue was up 4.0% compared to the same quarter past year. During the same quarter in the prior year, the firm earned $1.58 EPS. In the latest earnings report the EPS was $6.64 and is expected to be $7.38 for the current year with 79,823,000 shares outstanding. Christopher A. Kuebler, Director disclosed the sale of 3,500 shares of WAT stock. The stock was sold at an average price of $179.67, for a total transaction of $628,845.00. AHL Partners LLP now owns 22,893 shares valued at $4,209,000. Also, SVP Rohit Khanna sold 18,400 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $185.78, for a total value of $3,418,352.00. Following the transaction, the senior vice president now directly owns 4,077 shares of the company's stock, valued at approximately $625,819.50. The disclosure for this sale can be found here.

Waters Corporation, launched on December 6, 1991, is an analytical instrument manufacturer. The Company operates through two segments: Waters Division and TA Division. The Company 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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