Panagora Asset Management Lowered Its Waters (WAT) Stake as Stock Rose; Horizon Investments Stake in Equity Residential Sh Ben Int (EQR) Lifted as Market Value Declined

May 18, 2018 - By Winifred Garcia

Waters Corporation (NYSE:WAT) Logo

Panagora Asset Management Inc decreased its stake in Waters Corp (WAT) by 39.84% based on its latest 2017Q4 regulatory filing with the SEC. Panagora Asset Management Inc sold 100,684 shares as the company’s stock rose 3.47% while stock markets declined. The institutional investor held 152,021 shares of the laboratory analytical instruments company at the end of 2017Q4, valued at $29.37M, down from 252,705 at the end of the previous reported quarter. Panagora Asset Management Inc who had been investing in Waters Corp for a number of months, seems to be less bullish one the $14.92 billion market cap company. The stock decreased 0.09% or $0.17 during the last trading session, reaching $190.48. About 383,472 shares traded. Waters Corporation (NYSE:WAT) has risen 28.61% since May 18, 2017 and is uptrending. It has outperformed by 17.06% the S&P500.

Horizon Investments Llc increased its stake in Equity Residential Sh Ben Int (EQR) by 110.07% based on its latest 2017Q4 regulatory filing with the SEC. Horizon Investments Llc bought 12,312 shares as the company’s stock declined 6.97% with the market. The institutional investor held 23,498 shares of the real estate investment trusts company at the end of 2017Q4, valued at $1.53M, up from 11,186 at the end of the previous reported quarter. Horizon Investments Llc who had been investing in Equity Residential Sh Ben Int for a number of months, seems to be bullish on the $22.84B market cap company. The stock decreased 0.85% or $0.51 during the last trading session, reaching $59.74. About 1.64M shares traded. Equity Residential (NYSE:EQR) has declined 4.58% since May 18, 2017 and is downtrending. It has underperformed by 16.13% the S&P500.

More news for Equity Residential (NYSE:EQR) were recently published by: Seekingalpha.com, which released: “Equity Residential’s (EQR) CEO David Neithercut on Q1 2018 Results – Earnings Call Transcript” on April 25, 2018. Investorplace.com‘s article titled: “7 Great Ways to Move Into Real Estate Investing” and published on May 18, 2018 is yet another important article.

Since February 7, 2018, it had 0 buys, and 10 insider sales for $1.35 million activity. Shares for $325,179 were sold by Santee David S. Shares for $52,247 were sold by Altshuler Barry. Manelis Michael L also sold $57,618 worth of Equity Residential (NYSE:EQR) shares. Kaufman Ian also sold $39,796 worth of Equity Residential (NYSE:EQR) shares. 449 Equity Residential (NYSE:EQR) shares with value of $26,124 were sold by Fenster Scott. 117 shares were sold by Sorenson Christa L, worth $6,807.

Horizon Investments Llc, which manages about $1.50B and $1.60B US Long portfolio, decreased its stake in Ishares Tr Russell 2000 Etf (IWM) by 321,862 shares to 3,138 shares, valued at $432,000 in 2017Q4, according to the filing. It also reduced its holding in Vanguard Whitehall Fds Inc Hig (VYM) by 3,956 shares in the quarter, leaving it with 648,825 shares, and cut its stake in Cisco Sys Inc Com (NASDAQ:CSCO).

Investors sentiment increased to 1.11 in Q4 2017. Its up 0.21, from 0.9 in 2017Q3. It increased, as 35 investors sold EQR shares while 148 reduced holdings. 54 funds opened positions while 149 raised stakes. 338.98 million shares or 0.29% less from 339.97 million shares in 2017Q3 were reported. Shell Asset Management has invested 0.17% in Equity Residential (NYSE:EQR). Geode Capital Mngmt Ltd Liability Corp invested 0.09% of its portfolio in Equity Residential (NYSE:EQR). Exane Derivatives has invested 0.01% of its portfolio in Equity Residential (NYSE:EQR). Qci Asset Mngmt Inc Ny reported 0% in Equity Residential (NYSE:EQR). Stanley owns 0.45% invested in Equity Residential (NYSE:EQR) for 32,568 shares. Bowling Portfolio Mgmt Ltd Liability owns 9,523 shares for 0.08% of their portfolio. Gateway Advisers Lc stated it has 19,388 shares or 0.01% of all its holdings. Barclays Public Limited Company accumulated 0.06% or 1.12M shares. Putnam Lc stated it has 0.05% of its portfolio in Equity Residential (NYSE:EQR). State Of New Jersey Common Pension Fund D accumulated 76,450 shares. Exxonmobil Inv Mngmt Tx has invested 0.1% in Equity Residential (NYSE:EQR). 18,254 were reported by Bluecrest Capital Mgmt. Moreover, Baystate Wealth Limited Liability has 0% invested in Equity Residential (NYSE:EQR). Credit Suisse Ag has invested 0.06% in Equity Residential (NYSE:EQR). Oppenheimer Asset Mngmt Inc, New York-based fund reported 33,304 shares.

Among 25 analysts covering Equity Residential (NYSE:EQR), 7 have Buy rating, 1 Sell and 17 Hold. Therefore 28% are positive. Equity Residential had 87 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Argus Research on Friday, April 28 with “Buy”. As per Thursday, July 6, the company rating was downgraded by UBS. The stock of Equity Residential (NYSE:EQR) has “Market Perform” rating given on Tuesday, January 19 by JMP Securities. The company was maintained on Monday, February 8 by RBC Capital Markets. The stock of Equity Residential (NYSE:EQR) has “Hold” rating given on Tuesday, October 3 by Robert W. Baird. BB&T Capital upgraded the shares of EQR in report on Tuesday, May 24 to “Buy” rating. Jefferies maintained Equity Residential (NYSE:EQR) on Tuesday, January 30 with “Hold” rating. The rating was maintained by Stifel Nicolaus on Thursday, January 18 with “Hold”. The stock of Equity Residential (NYSE:EQR) earned “Hold” rating by Sandler O’Neill on Tuesday, March 20. The rating was upgraded by Miller Tabak to “Hold” on Wednesday, September 9.

Since December 13, 2017, it had 0 insider purchases, and 12 insider sales for $37.63 million activity. $86,944 worth of stock was sold by KUEBLER CHRISTOPHER A on Thursday, March 8. The insider Cassis Eugene G sold $1.88M. Shares for $278,826 were sold by Kelly Terrence P. Harrington Michael C sold $3.13M worth of Waters Corporation (NYSE:WAT) on Monday, May 7. Rae Elizabeth B sold 28,400 shares worth $6.22 million. 5,000 shares valued at $1.08 million were sold by BEAUDOUIN MARK T on Friday, January 26.

Panagora Asset Management Inc, which manages about $37.15B and $26.65 billion US Long portfolio, upped its stake in Paypal Holdings Inc by 90,629 shares to 131,857 shares, valued at $9.71 million in 2017Q4, according to the filing. It also increased its holding in Kemet Corp (NYSE:KEM) by 172,853 shares in the quarter, for a total of 190,192 shares, and has risen its stake in Total System Services Inc (NYSE:TSS).

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.14, from 0.99 in 2017Q3. It improved, as 24 investors sold WAT shares while 171 reduced holdings. 61 funds opened positions while 159 raised stakes. 72.10 million shares or 2.19% less from 73.71 million shares in 2017Q3 were reported. Da Davidson & reported 12,800 shares stake. Jensen Investment Management holds 2.48% of its portfolio in Waters Corporation (NYSE:WAT) for 1.00M shares. 3,165 are owned by Pinebridge Invests Lp. American And Mgmt reported 45,125 shares stake. Alphamark Advisors Ltd has invested 0% in Waters Corporation (NYSE:WAT). Btim Corp reported 264,407 shares. Baystate Wealth Mngmt Ltd Liability Corp accumulated 88 shares. Boston Common Asset Management Limited Liability Company holds 1,460 shares or 0.03% of its portfolio. The British Columbia – Canada-based Pacad Investment has invested 0.11% in Waters Corporation (NYSE:WAT). Thrivent Financial For Lutherans holds 0.2% or 302,904 shares. Leavell Investment Mngmt holds 0.3% of its portfolio in Waters Corporation (NYSE:WAT) for 13,340 shares. Marathon Asset Ltd Liability Partnership has invested 1.75% in Waters Corporation (NYSE:WAT). Eqis Capital owns 3,788 shares or 0.04% of their US portfolio. The New York-based D E Shaw & has invested 0% in Waters Corporation (NYSE:WAT). Toronto Dominion Bancshares reported 37,876 shares.

Analysts await Waters Corporation (NYSE:WAT) to report earnings on July, 24. They expect $1.92 earnings per share, up 9.09% or $0.16 from last year’s $1.76 per share. WAT’s profit will be $150.42 million for 24.80 P/E if the $1.92 EPS becomes a reality. After $1.59 actual earnings per share reported by Waters Corporation for the previous quarter, Wall Street now forecasts 20.75% EPS growth.

Another recent and important Waters Corporation (NYSE:WAT) news was published by Seekingalpha.com which published an article titled: “Waters’ (WAT) CEO Chris O’Connell on Q1 2018 Results – Earnings Call Transcript” on April 24, 2018.

Among 19 analysts covering Waters Corporation (NYSE:WAT), 7 have Buy rating, 0 Sell and 12 Hold. Therefore 37% are positive. Waters Corporation had 63 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Wednesday, January 24. Jefferies maintained the stock with “Hold” rating in Friday, October 20 report. The stock of Waters Corporation (NYSE:WAT) earned “Hold” rating by Cowen & Co on Tuesday, January 23. The rating was maintained by Jefferies with “Hold” on Tuesday, June 6. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, January 24. Morgan Stanley maintained it with “Underweight” rating and $192 target in Friday, October 6 report. The firm has “Hold” rating by Jefferies given on Thursday, July 13. The firm has “Buy” rating by Robert W. Baird given on Monday, October 23. The firm earned “Buy” rating on Wednesday, April 26 by Cantor Fitzgerald. Robert W. Baird maintained Waters Corporation (NYSE:WAT) rating on Monday, October 2. Robert W. Baird has “Buy” rating and $187.0 target.

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