Tradelink Capital adds Waters Corporation (WAT) to its portfolio

Waters Corporation (WAT) : Tradelink Capital added new position in Waters Corporation during the most recent quarter end. The investment management firm now holds 1,442 shares of Waters Corporation which is valued at $226,682 , the company said in a statement filed on Aug 1, 2016 with the SEC.Waters Corporation makes up approximately 1.05% of Tradelink Capital’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk boosted its stake in WAT in the latest quarter, The investment management firm added 3,960 additional shares and now holds a total of 33,778 shares of Waters Corporation which is valued at $5,309,902. Waters Corporation makes up approx 0.02% of Aberdeen Asset Management Plcuk’s portfolio.Investment Counsel reduced its stake in WAT by selling 427 shares or 2.62% in the most recent quarter. The Hedge Fund company now holds 15,850 shares of WAT which is valued at $2,386,693. Waters Corporation makes up approx 1.87% of Investment Counsel’s portfolio.Eqis Capital Management boosted its stake in WAT in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 2,783 shares of Waters Corporation which is valued at $414,472. Waters Corporation makes up approx 0.03% of Eqis Capital Management’s portfolio.Washington Trust Bank reduced its stake in WAT by selling 50 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 200 shares of WAT which is valued at $29,306. Waters Corporation makes up approx 0.01% of Washington Trust Bank’s portfolio. First Financial Bank N.a. – Trust Division added WAT to its portfolio by purchasing 1,468 company shares during the most recent quarter which is valued at $207,751. Waters Corporation makes up approx 0.04% of First Financial Bank N.a. – Trust Division’s portfolio.

Waters Corporation opened for trading at $157.49 and hit $158.79 on the upside on Thursday, eventually ending the session at $157.45, with a gain of 0.16% or 0.25 points. The heightened volatility saw the trading volume jump to 7,60,701 shares. Company has a market cap of $12,744 M.

On the company’s financial health, Waters Corporation reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.45. The company had revenue of $537.00 million for the quarter, compared to analysts expectations of $523.18 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on Waters Corporation. Company shares were Reiterated by Barclays on Jul 27, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 157 from a previous price target of $130 .Company shares were Reiterated by Mizuho on Jul 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 145 from a previous price target of $130 .

Waters Corporation (Waters) is an analytical instrument manufacturer. The Company designs manufactures distributes and services instrument systems columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company has two segments: Waters Division and TA Division. The Waters Division’s products and services primarily consist of high performance liquid chromatography (HPLC) ultra performance liquid chromatography (UPLC and together with HPLC referred to as LC) mass spectrometry (MS) and chemistry consumable products and related services. TA Division’s products and services primarily consist of thermal analysis rheometry and calorimetry instrument systems and service sales. The Company’s products are used by pharmaceutical life science biochemical industrial nutritional safety environmental academic and governmental customers working in research and development quality assurance and other laboratory applications.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *