GHP Investment Advisors Inc. Purchases 1,130 Shares of Waters Co. (NYSE:WAT)

GHP Investment Advisors Inc. raised its position in shares of Waters Co. (NYSE:WAT) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,703 shares of the medical instruments supplier’s stock after purchasing an additional 1,130 shares during the period. GHP Investment Advisors Inc.’s holdings in Waters were worth $8,422,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Kennebec Savings Bank bought a new stake in Waters during the third quarter worth about $33,000. Ashton Thomas Securities LLC purchased a new position in shares of Waters during the third quarter valued at approximately $35,000. Fortitude Family Office LLC boosted its position in shares of Waters by 235.7% in the 4th quarter. Fortitude Family Office LLC now owns 94 shares of the medical instruments supplier’s stock worth $35,000 after purchasing an additional 66 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Waters in the 4th quarter worth approximately $63,000. Finally, Itau Unibanco Holding S.A. increased its position in Waters by 63.2% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 186 shares of the medical instruments supplier’s stock valued at $67,000 after buying an additional 72 shares in the last quarter. Institutional investors own 94.01% of the company’s stock.

Analyst Ratings Changes

WAT has been the topic of several analyst reports. Barclays boosted their target price on Waters from $330.00 to $360.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. TD Cowen increased their price objective on shares of Waters from $363.00 to $410.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Cfra set a $389.00 target price on shares of Waters in a report on Thursday, October 17th. Bank of America increased their price target on shares of Waters from $400.00 to $430.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Waters from $380.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $384.71.

Waters Trading Up 0.8 %

Waters stock opened at $413.58 on Thursday. Waters Co. has a 52-week low of $279.24 and a 52-week high of $423.56. The company has a market cap of $24.56 billion, a P/E ratio of 39.46, a P/E/G ratio of 7.45 and a beta of 1.01. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 1.14. The business has a 50-day simple moving average of $388.59 and a two-hundred day simple moving average of $360.54.

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.