GHP Investment Advisors Inc. Increases Position in Waters Co. (NYSE:WAT)

GHP Investment Advisors Inc. boosted its holdings in Waters Co. (NYSE:WAT) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,703 shares of the medical instruments supplier’s stock after purchasing an additional 1,130 shares during the period. GHP Investment Advisors Inc.’s holdings in Waters were worth $8,422,000 as of its most recent SEC filing.

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

Waters Trading Up 0.8 %

NYSE:WAT opened at $413.58 on Thursday. The company has a 50-day moving average price of $388.59 and a 200-day moving average price of $360.54. The stock has a market cap of $24.56 billion, a price-to-earnings ratio of 39.46, a P/E/G ratio of 7.45 and a beta of 1.01. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 1.14. Waters Co. has a 12 month low of $279.24 and a 12 month high of $423.56.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WAT. Scotiabank started coverage on shares of Waters in a report on Monday, December 23rd. They issued a “sector perform” rating and a $430.00 price target on the stock. Bank of America increased their target price on shares of Waters from $400.00 to $430.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. TD Cowen boosted their price target on shares of Waters from $363.00 to $410.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Barclays increased their price objective on Waters from $330.00 to $360.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company upped their target price on Waters from $380.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Waters presently has a consensus rating of “Hold” and an average price target of $384.71.

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.