Fox Run Management L.l.c. adds Waters Corporation (WAT) to its portfolio

Waters Corporation (WAT) : Fox Run Management L.l.c. added new position in Waters Corporation during the most recent quarter end. The investment management firm now holds 3,700 shares of Waters Corporation which is valued at $580,271 , the company said in a statement filed on Oct 12, 2016 with the SEC.Waters Corporation makes up approximately 0.35% of Fox Run Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in WAT by selling 105 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 30,940 shares of WAT which is valued at $4,852,320. Waters Corporation makes up approx 0.03% of Eagle Asset Management Inc’s portfolio.Contravisory Investment Management reduced its stake in WAT by selling 1,898 shares or 4.36% in the most recent quarter. The Hedge Fund company now holds 41,587 shares of WAT which is valued at $6,607,758. Waters Corporation makes up approx 2.17% of Contravisory Investment Management’s portfolio.Cobiz Investment Management reduced its stake in WAT by selling 288 shares or 11.29% in the most recent quarter. The Hedge Fund company now holds 2,264 shares of WAT which is valued at $359,727. Waters Corporation makes up approx 0.09% of Cobiz Investment Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in WAT in the latest quarter, The investment management firm added 1,497 additional shares and now holds a total of 17,555 shares of Waters Corporation which is valued at $2,789,314. Waters Corporation makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.

Waters Corporation closed down -2.06 points or -1.30% at $156.83 with 6,80,377 shares getting traded on Tuesday. Post opening the session at $158.21, the shares hit an intraday low of $155.92 and an intraday high of $158.21 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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