November 21, 2016 - By Vivian Park · 0 Comments
The stock of Waters Corporation (NYSE:WAT) registered an increase of 5.84% in short interest. WAT’s total short interest was 2.69M shares in November as published by FINRA. Its up 5.84% from 2.55 million shares, reported previously. With 557,100 shares average volume, it will take short sellers 5 days to cover their WAT’s short positions. The short interest to Waters Corporation’s float is 3.5%. Waters Corporation (NYSE:WAT) has declined 1.05% since April 19, 2016 and is downtrending. It has underperformed by 4.91% the S&P500.
Waters Corporation is an analytical instrument manufacturer. The company has a market cap of $10.64 billion. The Firm designs, makes, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. It has a 29.81 P/E ratio. The Firm operates through two divisions: Waters Division and TA Division.
Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.11, from 1.09 in 2016Q1. The ratio improved, as 29 funds sold all Waters Corporation shares owned while 155 reduced positions. 46 funds bought stakes while 155 increased positions. They now own 73.18 million shares or 5.06% less from 77.08 million shares in 2016Q1.
Twin Tree Mngmt Ltd Partnership last reported 642 shares in the company. Winton Cap Gru Inc Ltd has invested 0.23% of its portfolio in Waters Corporation (NYSE:WAT). Perkins Coie Com holds 0.05% of its portfolio in Waters Corporation (NYSE:WAT) for 500 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 52,028 shares or 0.1% of all its holdings. Northern Trust Corp last reported 0.05% of its portfolio in the stock. Moreover, Blackrock Gp Ltd has 0.05% invested in Waters Corporation (NYSE:WAT) for 653,481 shares. The New York-based Allen Inv has invested 0.03% in Waters Corporation (NYSE:WAT). Quantitative Inv last reported 12,800 shares in the company. Glenmede Trust Communication Na has invested 0.42% of its portfolio in Waters Corporation (NYSE:WAT). Sumitomo Mitsui Tru accumulated 228,260 shares or 0.06% of the stock. South State Corporation accumulated 0.05% or 2,500 shares. Assetmark owns 473 shares or 0% of their US portfolio. Select Equity Ltd Partnership has 0% invested in the company for 840,554 shares. Victory holds 6,133 shares or 0% of its portfolio. Pensionfund Dsm Netherlands accumulated 0.47% or 25,200 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 13 insider sales for $64.03 million net activity. Cassis Eugene G also sold $2.79 million worth of Waters Corporation (NYSE:WAT) on Thursday, June 2. Harrington Michael C sold $3.23 million worth of stock. Rae Elizabeth B had sold 30,000 shares worth $4.76M on Friday, July 29. $16.61 million worth of Waters Corporation (NYSE:WAT) was sold by CAPUTO ARTHUR G on Wednesday, August 17. Khanna Rohit had sold 10,000 shares worth $1.61M. Shares for $4.12 million were sold by BEAUDOUIN MARK T on Tuesday, May 24. TERRICCIANO DAVID also sold $3.86M worth of Waters Corporation (NYSE:WAT) on Monday, August 1.
Out of 11 analysts covering Waters Corporation (NYSE:WAT), 3 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 27% are positive. Waters Corporation has been the topic of 22 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Mizuho maintained the shares of WAT in a report on Wednesday, July 29 with “Neutral” rating. The firm has “Equalweight” rating given on Wednesday, July 27 by Barclays Capital. The company was reinitiated on Thursday, November 10 by Leerink Swann. The rating was downgraded by Bank of America on Tuesday, April 5 to “Neutral”. The rating was maintained by Cantor Fitzgerald with “Buy” on Tuesday, October 25. The firm has “Neutral” rating given on Wednesday, July 27 by Citigroup. The firm has “Buy” rating by Zacks given on Monday, August 24. Zacks upgraded the shares of WAT in a report on Wednesday, August 26 to “Hold” rating. On Wednesday, October 28 the stock rating was maintained by Leerink Swann with “Market Perform”. As per Thursday, January 7, the company rating was initiated by Deutsche Bank.
Waters Corporation (Waters), incorporated on December 6, 1991, is an analytical instrument manufacturer. The Firm designs, makes, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Firm operates through two divisions: Waters Division and TA Division. Waters Division’s services and products 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 services and products 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 clients working in research and development, quality assurance and other laboratory applications.
More news for Waters Corporation (NYSE:WAT) were recently published by: Fool.com, which released: “Why Waters Corporation Reported Lower Today” on October 25, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Waters Corporation, 33.3% Follow-Through Indicator …” and published on October 25, 2016 is yet another important article.
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By Vivian Park