Cambridge Investment Research Advisors Inc. trimmed its stake in shares of Waters Co. (NYSE:WAT) by 8.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,642 shares of the medical instruments supplier’s stock after selling 150 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Waters were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of WAT. Norges Bank acquired a new stake in Waters during the fourth quarter worth about $130,150,000. Morgan Stanley grew its holdings in Waters by 188.1% during the third quarter. Morgan Stanley now owns 527,562 shares of the medical instruments supplier’s stock worth $102,707,000 after acquiring an additional 344,432 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Waters during the first quarter worth about $70,947,000. Bristol John W & Co. Inc. NY acquired a new stake in Waters during the fourth quarter worth about $52,302,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in Waters by 5.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,863,115 shares of the medical instruments supplier’s stock worth $917,426,000 after acquiring an additional 267,576 shares during the period. 92.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WAT opened at $203.20 on Friday. The company has a current ratio of 3.44, a quick ratio of 2.89 and a debt-to-equity ratio of 1.15. Waters Co. has a 12 month low of $167.93 and a 12 month high of $255.21. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08.
Several analysts recently commented on WAT shares. Zacks Investment Research lowered Waters from a “strong-buy” rating to a “hold” rating in a report on Friday, April 12th. ValuEngine lowered Waters from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Barclays dropped their target price on Waters from $218.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 24th. Robert W. Baird dropped their target price on Waters from $211.00 to $209.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, UBS Group dropped their price objective on Waters from $248.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Waters has a consensus rating of “Hold” and a consensus price target of $208.71.
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Waters Corporation, a specialty measurement company, 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.
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