Over the past five years, Waters Corporation (NYSE:WAT) shareholders have been awarded a 7.1% CAGR. But according to recent analysis, the company's price might be out of sync with its earnings. In addition, some significant movements happened among Waters Corporation's investors. For instance, American Century Companies Inc. increased its position, while Coldstream Capital Management Inc. and Mawer Investment Management Ltd. trimmed their holdings.
The company welcomed Heather Knight to its Board of Directors and also saw Director Richard Fearon acquiring shares as an insider. However, the corporation is trading down 2.9% and experienced specific headwinds, evidenced by recent earnings reports. Nevertheless, analysts have upped their price targets for the company after the earnings reports were released.
Waters Corporation also made notable strides in their product lineup and strategic partnerships. They recently released GTxResolve Premier SEC Columns aimed at accelerating the development of gene-based therapeutics and opened a new state-of-the-art Global Capability Center in Bengaluru, India.
Despite this, the company lowers its profit forecast citing reduced demand. But during an earnings call, Waters Corporation projects cautious optimism in their future outlook for 2024.
Waters Corp WAT News Analytics from Wed, 29 Jul 2015 17:43:15 GMT to Sun, 15 Sep 2024 13:50:16 GMT - Rating 4 - Innovation 2 - Information 6 - Rumor -3
