Focus Partners Advisor Solutions LLC Sells 64 Shares of Waters Corporation $WAT

Focus Partners Advisor Solutions LLC lowered its holdings in shares of Waters Corporation (NYSE:WAT) by 6.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 998 shares of the medical instruments supplier’s stock after selling 64 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Waters were worth $349,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of WAT. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Waters by 676.8% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 705,733 shares of the medical instruments supplier’s stock worth $260,112,000 after acquiring an additional 614,877 shares in the last quarter. Alliancebernstein L.P. boosted its stake in 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 acquiring an additional 416,669 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 acquiring an additional 276,433 shares in the last quarter. Nuveen LLC bought a new stake in Waters during the first quarter worth about $94,028,000. Finally, Vanguard Group Inc. lifted its stake in shares of Waters by 2.4% in the first quarter. Vanguard Group Inc. now owns 7,272,252 shares of the medical instruments supplier’s stock worth $2,680,334,000 after buying an additional 173,584 shares in the last quarter. Institutional investors own 94.01% of the company’s stock.

Waters Stock Down 0.2%

Shares of Waters stock opened at $342.74 on Friday. The company has a market cap of $20.40 billion, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 3.19 and a beta of 1.04. The company’s 50 day moving average is $315.78 and its 200 day moving average is $324.43. Waters Corporation has a twelve month low of $275.05 and a twelve month high of $423.56. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.55.

Waters (NYSE:WAT) last announced its earnings results on Thursday, May 19th. The medical instruments supplier reported $2.29 EPS for the quarter. Waters had a net margin of 21.71% and a return on equity of 38.60%. The business had revenue of $608.55 million during the quarter. Research analysts anticipate that Waters Corporation will post 12.86 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Waters from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Wells Fargo & Company dropped their target price on shares of Waters from $330.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft set a $315.00 target price on shares of Waters and gave the stock a “hold” rating in a research note on Tuesday, August 5th. Rothschild Redb upgraded Waters to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, Redburn Partners set a $390.00 price target on Waters in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $376.80.

About Waters

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.