Mackenzie Financial Corp lifted its position in shares of Waters Co. (NYSE:WAT – Free Report) by 7.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 209,538 shares of the medical instruments supplier’s stock after acquiring an additional 14,949 shares during the quarter. Mackenzie Financial Corp’s holdings in Waters were worth $60,791,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Foguth Wealth Management LLC. purchased a new position in shares of Waters in the first quarter worth about $2,773,000. Virtu Financial LLC bought a new position in Waters in the 4th quarter worth about $962,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Waters by 2,134.3% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 5,921 shares of the medical instruments supplier’s stock valued at $2,038,000 after buying an additional 5,656 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Waters by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 6,837,662 shares of the medical instruments supplier’s stock valued at $2,251,163,000 after buying an additional 64,525 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Waters by 223.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,222 shares of the medical instruments supplier’s stock worth $2,707,000 after buying an additional 5,683 shares in the last quarter. Hedge funds and other institutional investors own 94.01% of the company’s stock.
Waters Stock Up 0.5 %
Shares of Waters stock opened at $357.33 on Friday. The company’s 50 day moving average price is $333.53 and its 200-day moving average price is $324.35. Waters Co. has a 52-week low of $231.90 and a 52-week high of $367.21. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 5.96 and a beta of 0.95. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.42 and a current ratio of 2.10.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on WAT. Jefferies Financial Group began coverage on shares of Waters in a research note on Monday, June 3rd. They set a “hold” rating and a $320.00 price objective for the company. TD Cowen boosted their price objective on Waters from $325.00 to $363.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. The Goldman Sachs Group raised shares of Waters to a “hold” rating in a research note on Wednesday, July 31st. Barclays boosted their price target on shares of Waters from $275.00 to $300.00 and gave the stock an “underweight” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company started coverage on Waters in a research report on Tuesday, August 27th. They set an “overweight” rating and a $380.00 price target on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $318.50.
Read Our Latest Stock Report on WAT
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.
Further Reading
- Five stocks we like better than Waters
- How to Invest in Biotech Stocks
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- High Dividend REITs: Are They an Ideal Way to Diversify?
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- 10 Best Airline Stocks to Buy
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
Want to see what other hedge funds are holding WAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waters Co. (NYSE:WAT – Free Report).
Receive News & Ratings for Waters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waters and related companies with MarketBeat.com's FREE daily email newsletter.