Waters Corporation (WAT) : Ruane Cunniff Goldfarb Inc reduced its stake in Waters Corporation by 7.85% during the most recent quarter end. The investment management company now holds a total of 1,770,014 shares of Waters Corporation which is valued at $263,608,185 after selling 150,724 shares in Waters Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Waters Corporation makes up approximately 2.43% of Ruane Cunniff Goldfarb Inc’s portfolio.
Other Hedge Funds, Including , Harding Loevner Lp reduced its stake in WAT by selling 4,512 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 982,519 shares of WAT which is valued at $146,326,555. Waters Corporation makes up approx 1.10% of Harding Loevner Lp’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.Marathon Asset Management Llp boosted its stake in WAT in the latest quarter, The investment management firm added 56,628 additional shares and now holds a total of 490,168 shares of Waters Corporation which is valued at $73,000,720. Waters Corporation makes up approx 1.51% of Marathon Asset Management Llp’s portfolio.
Waters Corporation opened for trading at $149 and hit $149.22 on the upside on Monday, eventually ending the session at $148.93, with a gain of 0.07% or 0.1 points. The heightened volatility saw the trading volume jump to 1,34,932 shares. Company has a market cap of $12,055 M.
On the company’s financial health, Waters Corporation reported $1.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.24. The company had revenue of $475.30 million for the quarter, compared to analysts expectations of $471.48 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.
Many Wall Street Analysts have commented on Waters Corporation. Company shares were Reiterated by Mizuho on Apr 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 130 from a previous price target of $125 .
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 Divisions 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 Divisions products and services primarily consist of thermal analysis rheometry and calorimetry instrument systems and service sales. The Companys 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.