Waters Co. (NYSE:WAT) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in Waters Co. (NYSE:WAT) by 27.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,770 shares of the medical instruments supplier’s stock after selling 2,590 shares during the quarter. State of Alaska Department of Revenue’s holdings in Waters were worth $2,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kennebec Savings Bank acquired a new position in Waters in the 3rd quarter valued at about $33,000. Ashton Thomas Securities LLC acquired a new position in Waters in the 3rd quarter valued at about $35,000. Fortitude Family Office LLC boosted its holdings in Waters by 235.7% in 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 last quarter. R Squared Ltd acquired a new position in Waters in the 4th quarter valued at about $63,000. Finally, Itau Unibanco Holding S.A. boosted its holdings 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 valued at $67,000 after purchasing an additional 72 shares during the last quarter. 94.01% of the stock is currently owned by institutional investors and hedge funds.

Waters Trading Down 0.5 %

NYSE WAT opened at $407.61 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 1.14. Waters Co. has a 52 week low of $279.24 and a 52 week high of $423.56. The stock has a market capitalization of $24.20 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 7.37 and a beta of 1.01. The firm has a 50 day moving average of $389.98 and a two-hundred day moving average of $363.11.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WAT shares. JPMorgan Chase & Co. boosted their price target on shares of Waters from $340.00 to $380.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Scotiabank started coverage on shares of Waters in a research note on Monday, December 23rd. They issued a “sector perform” rating and a $430.00 price target on the stock. Barclays raised shares of Waters from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $360.00 to $415.00 in a research note on Monday. Wells Fargo & Company boosted their price target on shares of Waters from $380.00 to $415.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Cfra set a $389.00 price target on shares of Waters in a research note on Thursday, October 17th. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $388.64.

Waters Profile

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.