Mirae Asset Global Investments Co. Ltd. Buys 1,379 Shares of Waters Co. (NYSE:WAT)

Mirae Asset Global Investments Co. Ltd. lifted its position in Waters Co. (NYSE:WAT) by 26.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,512 shares of the medical instruments supplier’s stock after buying an additional 1,379 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Waters were worth $2,435,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on WAT shares. Sanford C. Bernstein raised shares of Waters from a “market perform” rating to an “outperform” rating and set a $430.00 target price on the stock in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Waters from $310.00 to $325.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Stifel Nicolaus lifted their target price on Waters from $332.00 to $360.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company upped their price target on Waters from $380.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, TD Cowen lifted their price objective on Waters from $363.00 to $410.00 and gave the stock a “hold” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $384.71.

Waters Stock Down 0.5 %

Shares of NYSE WAT opened at $408.96 on Monday. The business has a fifty day moving average of $389.56 and a two-hundred day moving average of $362.42. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.38 and a current ratio of 2.02. Waters Co. has a 52-week low of $279.24 and a 52-week high of $423.56. The stock has a market cap of $24.28 billion, a PE ratio of 39.02, a PEG ratio of 7.37 and a beta of 1.01.

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.