Ownership Capital B.v. buys $48,869,830 stake in Waters Corporation (WAT)

Waters Corporation (WAT) : Ownership Capital B.v. scooped up 20,497 additional shares in Waters Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 367,968 shares of Waters Corporation which is valued at $48,869,830.Waters Corporation makes up approximately 8.51% of Ownership Capital B.v.’s portfolio.

Other Hedge Funds, Including , Boston Financial Mangement Inc boosted its stake in WAT in the latest quarter, The investment management firm added 20,257 additional shares and now holds a total of 48,345 shares of Waters Corporation which is valued at $6,420,699. Waters Corporation makes up approx 0.96% of Boston Financial Mangement Inc’s portfolio.Mcdonald Capital Investors Incca boosted its stake in WAT in the latest quarter, The investment management firm added 1,165 additional shares and now holds a total of 157,498 shares of Waters Corporation which is valued at $20,917,309. Waters Corporation makes up approx 2.20% of Mcdonald Capital Investors Incca’s portfolio.Mizuho Trust Banking Ltd. reduced its stake in WAT by selling 930 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 135,439 shares of WAT which is valued at $17,628,740. Waters Corporation makes up approx 0.06% of Mizuho Trust Banking Ltd.’s portfolio.Headinvest reduced its stake in WAT by selling 350 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 45,394 shares of WAT which is valued at $6,270,727. Waters Corporation makes up approx 2.43% of Headinvest’s portfolio.

Waters Corporation opened for trading at $134.17 and hit $135.94 on the upside on Tuesday, eventually ending the session at $135.7, with a gain of 1.49% or 1.99 points. The heightened volatility saw the trading volume jump to 5,21,723 shares. Company has a market cap of $10,984 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 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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