Sanctuary Advisors LLC Has $908,000 Stock Holdings in Waters Co. (NYSE:WAT)

Sanctuary Advisors LLC lifted its holdings in shares of Waters Co. (NYSE:WAT) by 25.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,433 shares of the medical instruments supplier’s stock after purchasing an additional 490 shares during the quarter. Sanctuary Advisors LLC’s holdings in Waters were worth $908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in Waters by 1.9% in the third quarter. State Street Corp now owns 2,577,733 shares of the medical instruments supplier’s stock worth $927,700,000 after purchasing an additional 49,194 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Waters by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,416,683 shares of the medical instruments supplier’s stock worth $508,123,000 after buying an additional 16,703 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Waters by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 885,593 shares of the medical instruments supplier’s stock worth $318,717,000 after acquiring an additional 6,256 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Waters by 1.0% during the 3rd quarter. Van ECK Associates Corp now owns 659,539 shares of the medical instruments supplier’s stock valued at $219,811,000 after acquiring an additional 6,647 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Waters by 70.7% in the 3rd quarter. Principal Financial Group Inc. now owns 656,019 shares of the medical instruments supplier’s stock valued at $236,095,000 after acquiring an additional 271,804 shares in the last quarter. Institutional investors own 94.01% of the company’s stock.

Waters Trading Up 2.1 %

Waters stock opened at $368.16 on Monday. The business has a 50 day moving average price of $367.26 and a two-hundred day moving average price of $338.04. 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 12 month low of $279.24 and a 12 month high of $397.02. The stock has a market cap of $21.86 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 6.92 and a beta of 1.01.

Waters (NYSE:WAT) last issued its earnings results on Friday, November 1st. The medical instruments supplier reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.25. Waters had a return on equity of 49.93% and a net margin of 21.43%. The business had revenue of $740.30 million during the quarter, compared to analyst estimates of $712.99 million. During the same period in the prior year, the company posted $2.84 earnings per share. Waters’s revenue was up 4.0% on a year-over-year basis. As a group, equities analysts forecast that Waters Co. will post 11.79 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Waters from $310.00 to $325.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Jefferies Financial Group upgraded shares of Waters from a “hold” rating to a “buy” rating and raised their target price for the company from $355.00 to $415.00 in a research note on Tuesday, October 8th. Barclays upped their price target on shares of Waters from $330.00 to $360.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Bank of America raised their price target on Waters from $400.00 to $430.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus boosted their price objective on Waters from $332.00 to $360.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Waters currently has a consensus rating of “Hold” and a consensus target price of $375.85.

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.