Virginia Retirement Systems ET AL lessened its holdings in shares of Waters Corporation (NYSE:WAT) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,700 shares of the medical instruments supplier’s stock after selling 1,100 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Waters were worth $5,870,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WAT. Oppenheimer Asset Management Inc. grew its stake in Waters by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 573 shares of the medical instruments supplier’s stock valued at $105,000 after acquiring an additional 2 shares in the last quarter. ETF Managers Group LLC purchased a new position in Waters during the 2nd quarter valued at about $106,000. Intellectus Partners LLC grew its stake in Waters by 4.9% during the 2nd quarter. Intellectus Partners LLC now owns 667 shares of the medical instruments supplier’s stock valued at $123,000 after acquiring an additional 31 shares in the last quarter. First Manhattan Co. purchased a new position in Waters during the 2nd quarter valued at about $130,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Waters during the 2nd quarter valued at about $160,000. 94.66% of the stock is currently owned by institutional investors.

In other Waters news, SVP Rohit Khanna sold 18,400 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $185.78, for a total transaction of $3,418,352.00. Following the completion of the sale, the senior vice president now owns 22,477 shares of the company’s stock, valued at $4,175,777.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas P. Salice sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $200.03, for a total value of $700,105.00. Following the sale, the director now directly owns 20,349 shares of the company’s stock, valued at approximately $4,070,410.47. The disclosure for this sale can be found here. Insiders have sold 60,813 shares of company stock valued at $11,820,747 in the last ninety days. Company insiders own 5.07% of the company’s stock.

WAT has been the subject of several recent research reports. Jefferies Group reissued a “hold” rating and issued a $175.00 price target on shares of Waters in a research note on Thursday, August 31st. Cowen reissued a “hold” rating and issued a $190.00 price target on shares of Waters in a research note on Friday, November 3rd. Zacks Investment Research cut Waters from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Deutsche Bank boosted their price target on Waters from $199.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Bank of America boosted their price target on Waters from $192.00 to $202.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Waters presently has an average rating of “Hold” and an average target price of $193.62.

Shares of Waters Corporation (NYSE WAT) traded up $0.99 during trading on Friday, reaching $198.16. The company’s stock had a trading volume of 526,840 shares, compared to its average volume of 514,313. The company has a market capitalization of $15,731.63, a PE ratio of 27.47, a P/E/G ratio of 2.87 and a beta of 0.83. The company has a quick ratio of 5.71, a current ratio of 6.16 and a debt-to-equity ratio of 0.66. Waters Corporation has a 52-week low of $133.35 and a 52-week high of $200.71.

Waters (NYSE:WAT) last announced its earnings results on Tuesday, October 24th. The medical instruments supplier reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.03. The firm had revenue of $565.58 million during the quarter, compared to analysts’ expectations of $555.25 million. Waters had a return on equity of 23.61% and a net margin of 24.34%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share. analysts expect that Waters Corporation will post 7.42 EPS for the current year.

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Waters Company Profile

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and 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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