Amalgamated Bank Increases Stock Position in Waters Corporation $WAT

Amalgamated Bank grew its stake in shares of Waters Corporation (NYSE:WAT) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,561 shares of the medical instruments supplier’s stock after buying an additional 291 shares during the period. Amalgamated Bank’s holdings in Waters were worth $4,384,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Olde Wealth Management LLC purchased a new stake in shares of Waters during the 1st quarter valued at $25,000. Zions Bancorporation National Association UT purchased a new stake in shares of Waters during the 1st quarter valued at $28,000. IFP Advisors Inc grew its stake in shares of Waters by 118.9% during the 1st quarter. IFP Advisors Inc now owns 81 shares of the medical instruments supplier’s stock valued at $30,000 after buying an additional 44 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Waters during the 1st quarter valued at $41,000. Finally, Steph & Co. acquired a new position in Waters during the second quarter valued at approximately $73,000. 94.01% of the stock is owned by hedge funds and other institutional investors.

Waters Stock Performance

Shares of WAT stock opened at $350.17 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.22 and a current ratio of 1.75. Waters Corporation has a one year low of $275.05 and a one year high of $423.56. The company’s 50-day simple moving average is $316.74 and its 200-day simple moving average is $324.57. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 3.19 and a beta of 1.04.

Waters (NYSE:WAT) last issued its quarterly earnings results on Thursday, May 19th. The medical instruments supplier reported $2.29 EPS for the quarter. Waters had a net margin of 21.71% and a return on equity of 38.60%. The business had revenue of $608.55 million for the quarter. Equities analysts anticipate that Waters Corporation will post 12.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WAT. Rothschild Redb raised shares of Waters to a “strong-buy” rating in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Waters from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waters in a research report on Wednesday, October 8th. Rothschild & Co Redburn began coverage on shares of Waters in a research report on Wednesday, October 8th. They set a “buy” rating and a $390.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft set a $315.00 price target on shares of Waters and gave the stock a “hold” rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $376.80.

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.