Pensionfund DSM Netherlands Acquires Shares of 11,000 Waters Co. (NYSE:WAT)


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Pensionfund DSM Netherlands acquired a new stake in Waters Co. (NYSE:WAT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,000 shares of the medical instruments supplier’s stock, valued at approximately $3,126,000.

A number of other hedge funds have also made changes to their positions in WAT. First Trust Advisors LP bought a new position in Waters in the first quarter valued at approximately $1,744,000. Public Sector Pension Investment Board raised its holdings in Waters by 25.0% in the third quarter. Public Sector Pension Investment Board now owns 7,490 shares of the medical instruments supplier’s stock worth $1,466,000 after purchasing an additional 1,500 shares during the period. Johnson Investment Counsel Inc. acquired a new stake in Waters in the third quarter worth $205,000. Squarepoint Ops LLC raised its holdings in Waters by 90.6% in the third quarter. Squarepoint Ops LLC now owns 25,596 shares of the medical instruments supplier’s stock worth $5,009,000 after purchasing an additional 12,167 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA acquired a new stake in Waters in the third quarter worth $207,000. 91.80% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Joann A. Reed sold 4,759 shares of Waters stock in a transaction dated Tuesday, February 9th. The shares were sold at an average price of $282.39, for a total value of $1,343,894.01. Following the completion of the transaction, the director now owns 36,683 shares of the company’s stock, valued at approximately $10,358,912.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joann A. Reed sold 1,600 shares of Waters stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $263.31, for a total transaction of $421,296.00. 1.50% of the stock is currently owned by insiders.

Several equities research analysts have weighed in on WAT shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Waters from a “sell” rating to a “neutral” rating and increased their target price for the stock from $185.00 to $240.00 in a report on Wednesday, December 16th. Smith Barney Citigroup upgraded shares of Waters from a “sell” rating to a “neutral” rating in a report on Wednesday, December 16th. Wells Fargo & Company lowered shares of Waters from an “equal weight” rating to an “underweight” rating and set a $235.00 target price on the stock. in a report on Thursday, January 7th. TheStreet upgraded shares of Waters from a “c” rating to an “a-” rating in a report on Tuesday, February 2nd. Finally, Cleveland Research upgraded shares of Waters from an “underperform” rating to a “buy” rating in a report on Thursday, December 17th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Waters currently has a consensus rating of “Hold” and an average target price of $225.27.

Shares of WAT stock opened at $296.35 on Thursday. Waters Co. has a 1 year low of $171.38 and a 1 year high of $304.49. The firm’s fifty day moving average price is $275.95 and its two-hundred day moving average price is $247.40. The firm has a market capitalization of $18.43 billion, a P/E ratio of 36.91, a PEG ratio of 8.79 and a beta of 0.97.

Waters (NYSE:WAT) last issued its quarterly earnings results on Monday, February 1st. The medical instruments supplier reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.76. Waters had a net margin of 22.61% and a negative return on equity of 349.31%. The firm had revenue of $786.66 million for the quarter, compared to analyst estimates of $711.10 million. During the same period in the previous year, the business earned $3.20 EPS. Equities analysts expect that Waters Co. will post 7.94 earnings per share for the current fiscal year.

Waters Profile

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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Institutional Ownership by Quarter for Waters (NYSE:WAT)

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