CIBC World Markets Inc. bought a new position in shares of Waters Corp. (NYSE:WAT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,996 shares of the company’s stock, valued at approximately $2,694,000.

A number of other hedge funds have also made changes to their positions in the stock. Suntrust Banks Inc. boosted its stake in shares of Waters Corp. by 0.6% in the second quarter. Suntrust Banks Inc. now owns 2,248 shares of the company’s stock worth $315,000 after buying an additional 14 shares in the last quarter. Columbia Asset Management boosted its stake in shares of Waters Corp. by 1.0% in the third quarter. Columbia Asset Management now owns 2,076 shares of the company’s stock worth $329,000 after buying an additional 20 shares in the last quarter. Commerce Bank boosted its stake in shares of Waters Corp. by 1.0% in the third quarter. Commerce Bank now owns 2,512 shares of the company’s stock worth $398,000 after buying an additional 26 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Waters Corp. by 1.1% in the third quarter. Eqis Capital Management Inc. now owns 2,813 shares of the company’s stock worth $446,000 after buying an additional 30 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Waters Corp. by 0.4% in the second quarter. World Asset Management Inc now owns 7,943 shares of the company’s stock worth $1,117,000 after buying an additional 32 shares in the last quarter. 90.37% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Waters Corp. (NYSE:WAT)

Shares of Waters Corp. (NYSE:WAT) traded down 1.56% during trading on Monday, hitting $136.56. 506,046 shares of the company were exchanged. The firm has a market capitalization of $11.00 billion, a PE ratio of 22.39 and a beta of 0.95. The firm’s 50-day moving average price is $144.52 and its 200 day moving average price is $147.82. Waters Corp. has a 12 month low of $112.00 and a 12 month high of $162.53.

Waters Corp. (NYSE:WAT) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.57. Waters Corp. had a net margin of 23.44% and a return on equity of 24.33%. The company earned $527 million during the quarter, compared to analyst estimates of $330.78 million. During the same period last year, the firm posted $1.42 EPS. Waters Corp.’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that Waters Corp. will post $6.55 earnings per share for the current fiscal year.

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A number of brokerages have commented on WAT. Leerink Swann reaffirmed an “outperform” rating and set a $163.00 target price on shares of Waters Corp. in a report on Thursday, November 10th. Cantor Fitzgerald reiterated a “buy” rating and issued a $170.00 price target on shares of Waters Corp. in a research report on Tuesday, October 25th. Zacks Investment Research lowered shares of Waters Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Finally, Jefferies Group reiterated a “hold” rating and issued a $145.00 price target (down from $150.00) on shares of Waters Corp. in a research report on Friday, October 28th. One 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. Waters Corp. presently has a consensus rating of “Hold” and an average target price of $151.15.

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.

5 Day Chart for NYSE:WAT

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