Waters Co. (NYSE:WAT) Shares Purchased by Sienna Gestion

Sienna Gestion boosted its position in Waters Co. (NYSE:WAT) by 12.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,033 shares of the medical instruments supplier’s stock after acquiring an additional 115 shares during the period. Sienna Gestion’s holdings in Waters were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Hsbc Holdings PLC grew its position in shares of Waters by 5.1% in the second quarter. Hsbc Holdings PLC now owns 195,481 shares of the medical instruments supplier’s stock valued at $56,692,000 after purchasing an additional 9,451 shares during the period. Mondrian Investment Partners LTD grew its holdings in Waters by 54.4% in the 2nd quarter. Mondrian Investment Partners LTD now owns 7,036 shares of the medical instruments supplier’s stock valued at $2,041,000 after buying an additional 2,479 shares during the period. Blair William & Co. IL increased its stake in shares of Waters by 9.5% during the 2nd quarter. Blair William & Co. IL now owns 4,104 shares of the medical instruments supplier’s stock valued at $1,191,000 after acquiring an additional 355 shares during the last quarter. Argent Trust Co lifted its holdings in shares of Waters by 4.3% during the 2nd quarter. Argent Trust Co now owns 1,010 shares of the medical instruments supplier’s stock worth $293,000 after acquiring an additional 42 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Waters by 0.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 136,831 shares of the medical instruments supplier’s stock worth $39,697,000 after acquiring an additional 600 shares during the last quarter. 94.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WAT shares. Jefferies Financial Group initiated coverage on shares of Waters in a research report on Monday, June 3rd. They set a “hold” rating and a $320.00 price target for the company. Barclays increased their target price on Waters from $275.00 to $300.00 and gave the stock an “underweight” rating in a research report on Thursday, August 1st. Wells Fargo & Company initiated coverage on Waters in a research report on Tuesday, August 27th. They set an “overweight” rating and a $380.00 price target for the company. Leerink Partnrs upgraded Waters from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 1st. Finally, TD Cowen boosted their target price on Waters from $325.00 to $363.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $318.50.

Waters Trading Up 1.6 %

NYSE WAT opened at $338.60 on Friday. The company’s fifty day simple moving average is $328.27 and its 200-day simple moving average is $324.50. The stock has a market cap of $20.10 billion, a P/E ratio of 33.23, a PEG ratio of 5.70 and a beta of 0.95. Waters Co. has a 52 week low of $231.90 and a 52 week high of $367.21. The company has a current ratio of 2.10, a quick ratio of 1.42 and a debt-to-equity ratio of 1.42.

Waters (NYSE:WAT) last posted its quarterly earnings data on Wednesday, July 31st. The medical instruments supplier reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.08. Waters had a net margin of 20.71% and a return on equity of 56.81%. The company had revenue of $709.00 million during the quarter, compared to analysts’ expectations of $700.09 million. During the same period in the prior year, the company posted $2.80 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. Equities research analysts predict that Waters Co. will post 11.6 EPS for the current fiscal 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.