Great West Life Assurance Co. Can Grows Holdings in Waters Co. (WAT)

Great West Life Assurance Co. Can raised its holdings in shares of Waters Co. (NYSE:WAT) by 23.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,928 shares of the medical instruments supplier’s stock after purchasing an additional 13,497 shares during the period. Great West Life Assurance Co. Can’s holdings in Waters were worth $17,557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WAT. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Waters by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,181 shares of the medical instruments supplier’s stock valued at $1,052,000 after acquiring an additional 49 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Waters by 23.0% in the 1st quarter. Whittier Trust Co. now owns 369 shares of the medical instruments supplier’s stock valued at $93,000 after acquiring an additional 69 shares during the last quarter. ETF Managers Group LLC increased its stake in shares of Waters by 10.6% in the 1st quarter. ETF Managers Group LLC now owns 721 shares of the medical instruments supplier’s stock valued at $181,000 after acquiring an additional 69 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Waters by 4.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,792 shares of the medical instruments supplier’s stock valued at $338,000 after acquiring an additional 72 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Waters by 33.8% in the 4th quarter. Van ECK Associates Corp now owns 297 shares of the medical instruments supplier’s stock valued at $56,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 92.63% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research cut Waters from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 12th. ValuEngine cut Waters from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. UBS Group lowered their target price on Waters from $248.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Robert W. Baird lowered their target price on Waters from $211.00 to $209.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Finally, Barclays lowered their target price on Waters from $218.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $212.26.

In other news, SVP Robert G. Carson sold 2,724 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $241.23, for a total transaction of $657,110.52. Following the completion of the transaction, the senior vice president now directly owns 3,898 shares of the company’s stock, valued at approximately $940,314.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Terrence P. Kelly sold 2,006 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $239.69, for a total transaction of $480,818.14. The disclosure for this sale can be found here. 1.14% of the stock is owned by company insiders.

Shares of WAT opened at $206.25 on Monday. The company has a market cap of $14.33 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. Waters Co. has a twelve month low of $167.93 and a twelve month high of $255.21. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.44 and a quick ratio of 2.89.

Waters (NYSE:WAT) last issued its quarterly earnings results on Tuesday, April 23rd. The medical instruments supplier reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.13). The business had revenue of $513.90 million for the quarter, compared to the consensus estimate of $545.82 million. Waters had a return on equity of 39.64% and a net margin of 24.59%. Waters’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. As a group, sell-side analysts expect that Waters Co. will post 9.11 EPS for the current fiscal year.

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Waters Profile

Waters Corporation, a specialty measurement company, 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.

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Institutional Ownership by Quarter for Waters (NYSE:WAT)

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