Trimtabs Asset Management Lowers stake in Waters Corporation (WAT)

Waters Corporation (WAT) : Trimtabs Asset Management reduced its stake in Waters Corporation by 10.41% during the most recent quarter end. The investment management company now holds a total of 12,191 shares of Waters Corporation which is valued at $1,916,425 after selling 1,417 shares in Waters Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Waters Corporation makes up approximately 1.19% of Trimtabs Asset Management’s portfolio.

Other Hedge Funds, Including , Evercore Wealth Management reduced its stake in WAT by selling 90 shares or 75.0% in the most recent quarter. The Hedge Fund company now holds 30 shares of WAT which is valued at $4,716.Artemis Investment Management Llp boosted its stake in WAT in the latest quarter, The investment management firm added 8,827 additional shares and now holds a total of 98,101 shares of Waters Corporation which is valued at $15,441,097. Waters Corporation makes up approx 0.40% of Artemis Investment Management Llp’s portfolio.Msi Financial Services Inc boosted its stake in WAT in the latest quarter, The investment management firm added 349 additional shares and now holds a total of 528 shares of Waters Corporation which is valued at $83,107.Ruane Cunniff Goldfarb Inc reduced its stake in WAT by selling 150,724 shares or 7.85% in the most recent quarter. The Hedge Fund company now holds 1,770,014 shares of WAT which is valued at $263,608,185. Waters Corporation makes up approx 2.43% of Ruane Cunniff Goldfarb Inc’s portfolio.First Manhattan Co boosted its stake in WAT in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 4,160 shares of Waters Corporation which is valued at $619,549.

Waters Corporation opened for trading at $157.49 and hit $158.79 on the upside on Thursday, eventually ending the session at $157.45, with a gain of 0.16% or 0.25 points. The heightened volatility saw the trading volume jump to 7,60,701 shares. Company has a market cap of $12,744 M.

On the company’s financial health, Waters Corporation reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.45. The company had revenue of $537.00 million for the quarter, compared to analysts expectations of $523.18 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on Waters Corporation. Company shares were Reiterated by Barclays on Jul 27, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 157 from a previous price target of $130 .Company shares were Reiterated by Mizuho on Jul 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 145 from a previous price target of $130 .

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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