SG Americas Securities LLC Has $32.08 Million Stock Holdings in Waters Corporation $WAT

SG Americas Securities LLC grew its stake in Waters Corporation (NYSE:WAT) by 226.2% during the second quarter, HoldingsChannel.com reports. The firm owned 91,915 shares of the medical instruments supplier’s stock after buying an additional 63,739 shares during the period. SG Americas Securities LLC’s holdings in Waters were worth $32,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in WAT. Alliancebernstein L.P. grew its stake in shares of Waters by 15.7% during the first quarter. Alliancebernstein L.P. now owns 3,070,671 shares of the medical instruments supplier’s stock worth $1,131,757,000 after purchasing an additional 416,669 shares during the period. Wellington Management Group LLP boosted its holdings in Waters by 93.3% during the first quarter. Wellington Management Group LLP now owns 572,823 shares of the medical instruments supplier’s stock worth $211,125,000 after buying an additional 276,433 shares during the last quarter. Nuveen LLC acquired a new position in shares of Waters during the 1st quarter worth about $94,028,000. Jupiter Asset Management Ltd. grew its position in shares of Waters by 307.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 287,316 shares of the medical instruments supplier’s stock worth $100,285,000 after buying an additional 216,825 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Waters by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 7,272,252 shares of the medical instruments supplier’s stock valued at $2,680,334,000 after acquiring an additional 173,584 shares during the last quarter. 94.01% of the stock is currently owned by institutional investors.

Waters Price Performance

WAT stock opened at $379.85 on Friday. The stock has a 50-day moving average price of $331.86 and a two-hundred day moving average price of $327.68. Waters Corporation has a 1 year low of $275.05 and a 1 year high of $423.56. The stock has a market cap of $22.61 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 3.19 and a beta of 1.11. The company has a current ratio of 1.75, a quick ratio of 1.22 and a debt-to-equity ratio of 0.55.

Waters (NYSE:WAT) last posted its quarterly earnings data on Thursday, May 19th. The medical instruments supplier reported $2.29 earnings per share for the quarter. Waters had a return on equity of 38.60% and a net margin of 21.71%.The company had revenue of $608.55 million during the quarter. Equities analysts forecast that Waters Corporation will post 12.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WAT has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Waters from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Cowen reiterated a “hold” rating on shares of Waters in a report on Wednesday, November 5th. Redburn Partners set a $390.00 price target on shares of Waters in a research report on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Waters in a research report on Wednesday, October 8th. Finally, Rothschild Redb raised Waters to a “strong-buy” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $381.57.

Waters 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.