Waters Corporation (WAT) : Pensionfund Sabic reduced its stake in Waters Corporation by 17.04% during the most recent quarter end. The investment management company now holds a total of 11,200 shares of Waters Corporation which is valued at $1.5 Million after selling 2,300 shares in Waters Corporation according to a report filed by the company on Apr 4, 2016 with the SEC.Waters Corporation makes up approximately 0.45% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in WAT by selling 2,800 shares or 10.0% in the most recent quarter. The Hedge Fund company now holds 25,200 shares of WAT which is valued at $3.3 Million. Waters Corporation makes up approx 0.45% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, Waters Corporation reported $1.96 EPS for the quarter, based on the information available during the earnings call on Jan 26, 2016. Analyst had a consensus estimate of $1.96. The company had revenue of $587.00 million for the quarter, compared to analysts expectations of $582.38 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.99 EPS.
Many Wall Street Analysts have commented on Waters Corporation. 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.Deutsche Bank Initiated Waters Corporation on Jan 7, 2016 to “Hold”, Price Target of the shares are set at $137.
Waters Corporation closed down -0.67 points or -0.51% at $130.66 with 4,08,681 shares getting traded on Monday. Post opening the session at $131.48, the shares hit an intraday low of $130.12 and an intraday high of $132.35 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.