Quilter Plc Decreases Holdings in Waters Co. (NYSE:WAT)

Quilter Plc trimmed its position in shares of Waters Co. (NYSE:WAT) by 18.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 49,566 shares of the medical instruments supplier’s stock after selling 11,258 shares during the quarter. Quilter Plc’s holdings in Waters were worth $18,388,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kennebec Savings Bank purchased a new position in shares of Waters during the 3rd quarter valued at about $33,000. Ashton Thomas Securities LLC purchased a new position in shares of Waters during the third quarter valued at approximately $35,000. Fortitude Family Office LLC increased its stake in shares of Waters by 235.7% during the fourth 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 period. R Squared Ltd purchased a new position in shares of Waters during the fourth quarter valued at approximately $63,000. Finally, Itau Unibanco Holding S.A. increased its stake in shares of Waters by 63.2% during the third quarter. Itau Unibanco Holding S.A. now owns 186 shares of the medical instruments supplier’s stock valued at $67,000 after buying an additional 72 shares during the period. 94.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen boosted their target price on Waters from $363.00 to $410.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Cfra set a $389.00 target price on Waters in a research note on Thursday, October 17th. Stifel Nicolaus lifted their price target on Waters from $332.00 to $360.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Scotiabank assumed coverage on Waters in a research report on Monday, December 23rd. They set a “sector perform” rating and a $430.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Waters from $340.00 to $380.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $384.71.

Waters Stock Down 0.5 %

WAT stock opened at $408.96 on Monday. The stock has a market capitalization of $24.28 billion, a P/E ratio of 39.02, a P/E/G ratio of 7.37 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.02 and a quick ratio of 1.38. Waters Co. has a 1-year low of $279.24 and a 1-year high of $423.56. The business has a fifty day moving average price of $389.56 and a 200-day moving average price of $362.42.

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.