Waters Corporation $WAT Shares Sold by Tikehau Investment Management

Tikehau Investment Management trimmed its stake in shares of Waters Corporation (NYSE:WAT) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,337 shares of the medical instruments supplier’s stock after selling 306 shares during the quarter. Waters accounts for 3.4% of Tikehau Investment Management’s holdings, making the stock its 11th largest holding. Tikehau Investment Management’s holdings in Waters were worth $2,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WAT. Campbell & CO Investment Adviser LLC acquired a new position in shares of Waters during the second quarter worth about $3,477,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Waters by 6.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 111,572 shares of the medical instruments supplier’s stock worth $38,943,000 after acquiring an additional 6,427 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Waters during the 2nd quarter worth $254,000. Penserra Capital Management LLC lifted its position in shares of Waters by 13.1% during the 2nd quarter. Penserra Capital Management LLC now owns 327 shares of the medical instruments supplier’s stock worth $114,000 after purchasing an additional 38 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its stake in shares of Waters by 6.9% during the second quarter. Resona Asset Management Co. Ltd. now owns 20,509 shares of the medical instruments supplier’s stock worth $7,170,000 after purchasing an additional 1,331 shares in the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.

Waters Trading Up 0.2%

NYSE:WAT opened at $371.97 on Friday. The company has a market capitalization of $22.15 billion, a PE ratio of 33.54, a P/E/G ratio of 3.19 and a beta of 1.11. Waters Corporation has a 52-week low of $275.05 and a 52-week high of $423.56. The stock’s 50 day moving average price is $323.54 and its 200 day moving average price is $326.08. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.55.

Waters (NYSE:WAT) last posted its quarterly earnings data on Thursday, May 19th. The medical instruments supplier reported $2.29 earnings per share for the quarter. The business had revenue of $608.55 million during the quarter. Waters had a return on equity of 38.60% and a net margin of 21.71%. On average, research analysts anticipate that Waters Corporation will post 12.86 EPS for the current year.

Analysts Set New Price Targets

WAT has been the topic of a number of analyst reports. Jefferies Financial Group set a $385.00 price target on Waters and gave the company a “buy” rating in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $315.00 target price on Waters and gave the stock a “hold” rating in a research note on Tuesday, August 5th. Redburn Partners set a $390.00 price target on Waters in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Waters from $300.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Waters in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $381.57.

Waters Profile

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.