Absher Wealth Management LLC Sells 835 Shares of Waters Co. (NYSE:WAT)

Absher Wealth Management LLC decreased its holdings in shares of Waters Co. (NYSE:WAT) by 28.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,052 shares of the medical instruments supplier’s stock after selling 835 shares during the quarter. Absher Wealth Management LLC’s holdings in Waters were worth $761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kennebec Savings Bank acquired a new stake in shares of Waters during the third quarter worth $33,000. Ashton Thomas Securities LLC bought a new stake in shares of Waters during the 3rd quarter worth $35,000. Fortitude Family Office LLC lifted its stake in Waters by 235.7% in the 4th quarter. Fortitude Family Office LLC now owns 94 shares of the medical instruments supplier’s stock valued at $35,000 after purchasing an additional 66 shares during the last quarter. R Squared Ltd bought a new position in Waters in the fourth quarter valued at about $63,000. Finally, Itau Unibanco Holding S.A. raised its stake in shares of Waters by 63.2% during the third quarter. Itau Unibanco Holding S.A. now owns 186 shares of the medical instruments supplier’s stock valued at $67,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.

Waters Price Performance

Shares of NYSE WAT opened at $413.58 on Thursday. Waters Co. has a fifty-two week low of $279.24 and a fifty-two week high of $423.56. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.38 and a current ratio of 2.02. The company has a market cap of $24.56 billion, a PE ratio of 39.46, a P/E/G ratio of 7.45 and a beta of 1.01. The business has a 50-day simple moving average of $388.59 and a two-hundred day simple moving average of $360.54.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WAT. Bank of America boosted their target price on shares of Waters from $400.00 to $430.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. TD Cowen lifted their target price on Waters from $363.00 to $410.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price target on Waters from $340.00 to $380.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Scotiabank assumed coverage on Waters in a research report on Monday, December 23rd. They issued a “sector perform” rating and a $430.00 price target for the company. Finally, Sanford C. Bernstein upgraded shares of Waters from a “market perform” rating to an “outperform” rating and set a $430.00 target price on the stock in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $384.71.

Waters Profile

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.