Waters Corp. (WAT) Shares Sold by Contravisory Investment Management Inc.
Contravisory Investment Management Inc. reduced its position in Waters Corp. (NYSE:WAT) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,587 shares of the company’s stock after selling 1,898 shares during the period. Waters Corp. accounts for 2.1% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 22nd largest position. Contravisory Investment Management Inc. owned about 0.05% of Waters Corp. worth $6,591,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont raised its position in shares of Waters Corp. by 30.9% in the second quarter. Trust Co. of Vermont now owns 2,192 shares of the company’s stock worth $308,000 after buying an additional 517 shares during the period. Douglass Winthrop Advisors LLC purchased a new position in shares of Waters Corp. during the second quarter worth about $243,000. Eqis Capital Management Inc. raised its position in shares of Waters Corp. by 3.8% in the second quarter. Eqis Capital Management Inc. now owns 2,783 shares of the company’s stock worth $391,000 after buying an additional 101 shares during the period. Marathon Asset Management LLP raised its position in shares of Waters Corp. by 13.1% in the second quarter. Marathon Asset Management LLP now owns 490,168 shares of the company’s stock worth $68,942,000 after buying an additional 56,628 shares during the period. Finally, Bank of Stockton raised its position in shares of Waters Corp. by 2.3% in the second quarter. Bank of Stockton now owns 3,353 shares of the company’s stock worth $472,000 after buying an additional 75 shares during the period. Institutional investors own 93.22% of the company’s stock.
Waters Corp. (NYSE:WAT) traded down 2.64% on Friday, reaching $135.18. 1,048,431 shares of the company’s stock were exchanged. The company has a market cap of $10.91 billion, a P/E ratio of 22.17 and a beta of 0.95. The firm has a 50 day moving average of $148.43 and a 200-day moving average of $147.34. Waters Corp. has a 12-month low of $112.00 and a 12-month high of $162.53.
Waters Corp. (NYSE:WAT) last announced its earnings results on Tuesday, October 25th. The company reported $1.57 EPS for the quarter, meeting analysts’ consensus estimates of $1.57. Waters Corp. had a net margin of 23.44% and a return on equity of 24.33%. The business earned $527 million during the quarter, compared to analysts’ expectations of $330.78 million. During the same period in the prior year, the company earned $1.42 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that Waters Corp. will post $6.55 EPS for the current fiscal year.
Several brokerages have weighed in on WAT. Cantor Fitzgerald increased their price target on Waters Corp. from $163.00 to $173.00 and gave the stock a “buy” rating in a research report on Tuesday, July 26th. Zacks Investment Research downgraded Waters Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Leerink Swann reaffirmed an “outperform” rating and set a $163.00 price target on shares of Waters Corp. in a research report on Thursday, November 10th. Jefferies Group reaffirmed a “hold” rating and set a $145.00 price target (down from $150.00) on shares of Waters Corp. in a research report on Friday, October 28th. Finally, Evercore ISI increased their price target on Waters Corp. from $140.50 to $154.00 and gave the stock a “hold” rating in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Waters Corp. has an average rating of “Hold” and an average target price of $151.15.
In other news, SVP Rohit Khanna sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $161.00, for a total value of $1,610,000.00. Following the completion of the sale, the senior vice president now directly owns 16,114 shares of the company’s stock, valued at $2,594,354. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.45% of the stock is currently owned by insiders.
Waters Corp. Company Profile
Waters Corporation is an analytical instrument manufacturer. The Company designs, manufactures, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company operates through two segments: Waters Division and TA Division.
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