Deutsche Bank AG lifted its position in Waters Co. (NYSE:WAT) by 82.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 351,977 shares of the medical instruments supplier’s stock after acquiring an additional 159,576 shares during the period. Deutsche Bank AG owned about 0.44% of Waters worth $67,994,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Brown Advisory Securities LLC purchased a new position in shares of Waters in the fourth quarter worth approximately $202,000. Checchi Capital Advisers LLC acquired a new stake in shares of Waters during the fourth quarter worth approximately $210,000. Trust Co. of Virginia VA acquired a new stake in shares of Waters during the fourth quarter worth approximately $213,000. Zions Bancorporation boosted its holdings in shares of Waters by 12,075.0% during the third quarter. Zions Bancorporation now owns 1,461 shares of the medical instruments supplier’s stock worth $262,000 after purchasing an additional 1,449 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Waters during the fourth quarter worth approximately $290,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of Waters Co. (NYSE WAT) opened at $212.13 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 7.04 and a quick ratio of 6.60. The stock has a market cap of $16,770.85, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 2.55 and a beta of 0.91. Waters Co. has a one year low of $153.04 and a one year high of $220.20.
WAT has been the subject of several research reports. Zacks Investment Research upgraded shares of Waters from a “hold” rating to a “buy” rating and set a $217.00 price target for the company in a report on Tuesday, December 26th. Morgan Stanley upgraded shares of Waters from an “underweight” rating to an “equal weight” rating and set a $192.00 price target for the company in a report on Monday, December 4th. Janney Montgomery Scott raised their price target on shares of Waters from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Evercore ISI initiated coverage on shares of Waters in a report on Wednesday, January 3rd. They set an “in-line” rating and a $198.00 price target for the company. Finally, BTIG Research initiated coverage on shares of Waters in a report on Friday, January 5th. They set a “buy” rating and a $230.00 price target for the company. Thirteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Waters currently has an average rating of “Hold” and a consensus target price of $203.75.
In other Waters news, Director Christopher A. Kuebler sold 416 shares of Waters stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $209.00, for a total value of $86,944.00. Following the completion of the sale, the director now directly owns 15,327 shares in the company, valued at $3,203,343. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Terrence P. Kelly sold 1,312 shares of Waters stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $212.52, for a total transaction of $278,826.24. Following the completion of the sale, the senior vice president now owns 5,130 shares of the company’s stock, valued at $1,090,227.60. The disclosure for this sale can be found here. Insiders sold 97,177 shares of company stock valued at $20,671,366 over the last quarter. Corporate insiders own 5.07% of the company’s stock.
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Waters Company Profile
Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans.
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