Headinvest Lowers stake in Waters Corporation (WAT)

Waters Corporation (WAT) : Headinvest reduced its stake in Waters Corporation by 0.77% during the most recent quarter end. The investment management company now holds a total of 45,394 shares of Waters Corporation which is valued at $6,270,727 after selling 350 shares in Waters Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Waters Corporation makes up approximately 2.43% of Headinvest’s portfolio.

Waters Corporation closed down -0.1 points or -0.08% at $133.24 with 7,36,517 shares getting traded on Wednesday. Post opening the session at $133.68, the shares hit an intraday low of $132.28 and an intraday high of $133.84 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Schaper Benz Wise Investment Counsel Incwi boosted its stake in WAT in the latest quarter, The investment management firm added 1,540 additional shares and now holds a total of 143,927 shares of Waters Corporation which is valued at $19,882,076. Waters Corporation makes up approx 3.67% of Schaper Benz Wise Investment Counsel Incwi’s portfolio. Raymond James Trust N.a. sold out all of its stake in WAT during the most recent quarter. The investment firm sold 1,815 shares of WAT which is valued $250,724.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in WAT in the latest quarter, The investment management firm added 2,093 additional shares and now holds a total of 18,602 shares of Waters Corporation which is valued at $2,526,338. Waters Corporation makes up approx 0.06% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Fenimore Asset Management Inc reduced its stake in WAT by selling 50 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 315,114 shares of WAT which is valued at $41,172,795. Waters Corporation makes up approx 2.12% of Fenimore Asset Management Inc’s portfolio.

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 was Downgraded by BofA/Merrill to ” Neutral” on Apr 5, 2016. Barclays Initiated Waters Corporation on Mar 1, 2016 to “Equal Weight”, Price Target of the shares are set at $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 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.

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