Quilter Plc Has $13.99 Million Stock Position in Waters Corporation $WAT

Quilter Plc cut its position in shares of Waters Corporation (NYSE:WAT) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,091 shares of the medical instruments supplier’s stock after selling 686 shares during the period. Quilter Plc owned about 0.07% of Waters worth $13,993,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WAT. Zions Bancorporation National Association UT acquired a new position in shares of Waters in the 1st quarter valued at $28,000. IFP Advisors Inc raised its position in Waters by 118.9% in the first quarter. IFP Advisors Inc now owns 81 shares of the medical instruments supplier’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Waters during the first quarter worth about $41,000. Creative Financial Designs Inc. ADV boosted its holdings in Waters by 533.3% during the second quarter. Creative Financial Designs Inc. ADV now owns 190 shares of the medical instruments supplier’s stock valued at $66,000 after purchasing an additional 160 shares in the last quarter. Finally, Steph & Co. bought a new stake in shares of Waters in the 2nd quarter valued at approximately $73,000. Institutional investors and hedge funds own 94.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on WAT shares. Redburn Partners set a $390.00 price target on Waters in a research note on Wednesday, October 8th. Rothschild & Co Redburn initiated coverage on shares of Waters in a report on Wednesday, October 8th. They issued a “buy” rating and a $390.00 target price on the stock. Deutsche Bank Aktiengesellschaft set a $315.00 price target on shares of Waters and gave the company a “hold” rating in a report on Tuesday, August 5th. Rothschild Redb raised Waters to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, TD Cowen lifted their target price on Waters from $345.00 to $390.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $381.57.

Waters Stock Down 0.0%

Shares of NYSE:WAT opened at $376.60 on Thursday. The company has a 50 day moving average price of $336.45 and a two-hundred day moving average price of $328.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.22 and a current ratio of 1.75. The company has a market capitalization of $22.42 billion, a PE ratio of 33.96, a PEG 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.

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

Waters Company 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.