Reasons for Christopher Kuebler’s Shares Sale of Waters (WAT)’s Stock; North European Oil Royalty Trust (NRT) Has 1.67 Sentiment

March 11, 2018 - By Danny Collins

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. The company has market cap of $79.22 million. It holds rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. It has a 11.28 P/E ratio. The firm holds royalties for the sale of well gas, oil well gas, crude oil, condensate, and sulfur.

Company insider, Christopher Kuebler, director of Waters Corp sold a total of 416 shares of the corporation, which is based on a market stock price of $209.0 per share. This deal was reported on March 9, 2018 and is already filed with the U.S. Security & Exchange Commission. The legal report is available for public review to the public here. Christopher Kuebler right now owns 14,911 shares or 0.02% of Waters Corp’s market cap.

Lucas Capital Management holds 0.16% of its portfolio in North European Oil Royalty Trust for 26,037 shares. Fruth Investment Management owns 31,569 shares or 0.1% of their US portfolio. Moreover, Sunbelt Securities Inc. has 0.07% invested in the company for 10,000 shares. The United Kingdom-based Gsa Capital Partners Llp has invested 0.03% in the stock. Neville Rodie & Shaw Inc, a New York-based fund reported 29,199 shares.

The stock increased 1.41% or $0.12 during the last trading session, reaching $8.62. About 5,929 shares traded. North European Oil Royalty Trust (NRT) has declined 12.53% since March 11, 2017 and is downtrending. It has underperformed by 29.23% the S&P500.

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.14, from 0.99 in 2017Q2. It improved, as 36 investors sold Waters Corporation shares while 163 reduced holdings. 48 funds opened positions while 150 raised stakes. 73.71 million shares or 3.26% more from 71.38 million shares in 2017Q2 were reported. Panagora Asset reported 0.18% in Waters Corporation (NYSE:WAT). Clinton Group holds 0.1% or 5,251 shares. Neuberger Berman Gru holds 4,303 shares. Ls Invest Limited Liability Corp has invested 0.04% in Waters Corporation (NYSE:WAT). Stratos Wealth Prtnrs Ltd reported 0.02% in Waters Corporation (NYSE:WAT). Twin Capital Mgmt reported 0.04% stake. Hbk Invs Limited Partnership holds 0% or 3,100 shares in its portfolio. Principal Fincl Group owns 193,098 shares. Vanguard Grp Inc Inc accumulated 7.75 million shares. Gabelli Funds Ltd Liability Company owns 9,600 shares for 0.01% of their portfolio. S&Co holds 0.21% or 9,210 shares in its portfolio. Douglass Winthrop Advisors Ltd Liability Com invested in 1,230 shares. Thrivent Fincl For Lutherans has 307,751 shares. Moreover, Credit Agricole S A has 0.06% invested in Waters Corporation (NYSE:WAT) for 101,546 shares. State Treasurer State Of Michigan holds 0.04% or 24,196 shares.

Among 19 analysts covering Waters Corporation (NYSE:WAT), 7 have Buy rating, 0 Sell and 12 Hold. Therefore 37% are positive. Waters Corporation has $230 highest and $123 lowest target. $190.44’s average target is -10.47% below currents $212.7 stock price. Waters Corporation had 56 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by William Blair on Friday, January 6 to “Outperform”. Jefferies maintained it with “Hold” rating and $175.0 target in Thursday, August 31 report. The stock has “Hold” rating by Jefferies on Friday, October 20. Cowen & Co maintained the stock with “Hold” rating in Tuesday, January 23 report. The stock has “Underweight” rating by Morgan Stanley on Friday, October 6. The stock has “Equal-Weight” rating by Barclays Capital on Wednesday, January 24. On Thursday, July 13 the stock rating was maintained by Jefferies with “Hold”. Deutsche Bank maintained Waters Corporation (NYSE:WAT) on Wednesday, October 25 with “Hold” rating. The stock of Waters Corporation (NYSE:WAT) has “Neutral” rating given on Wednesday, July 27 by Citigroup. The stock has “Neutral” rating by Mizuho on Wednesday, July 29.

Waters Corporation operates as an analytical instrument maker in the United States and internationally. The company has market cap of $16.76 billion. It operates through two divisions, Waters and TA. It has a 850.8 P/E ratio. It designs, makes, sells, and services high performance liquid chromatography, ultra performance liquid chromatography, and mass spectrometry technology systems and support products, including chromatography columns, other consumable products, and comprehensive post-warranty service plans.

Analysts await Waters Corporation (NYSE:WAT) to report earnings on April, 24. They expect $1.54 earnings per share, up 5.48% or $0.08 from last year’s $1.46 per share. WAT’s profit will be $121.32 million for 34.53 P/E if the $1.54 EPS becomes a reality. After $2.51 actual earnings per share reported by Waters Corporation for the previous quarter, Wall Street now forecasts -38.65% negative EPS growth.

Since October 27, 2017, it had 0 insider purchases, and 9 sales for $37.98 million activity. Shares for $1.08 million were sold by BEAUDOUIN MARK T on Friday, January 26. Kelly Terrence P sold $4.94 million worth of stock or 25,000 shares. The insider Cassis Eugene G sold 9,195 shares worth $1.88M. The insider TERRICCIANO DAVID sold 21,997 shares worth $4.34M. $6.22M worth of Waters Corporation (NYSE:WAT) was sold by Rae Elizabeth B. 26,913 shares valued at $5.33 million were sold by Khanna Rohit on Friday, October 27.

The stock increased 1.79% or $3.74 during the last trading session, reaching $212.7. About 351,769 shares traded. Waters Corporation (NYSE:WAT) has risen 30.08% since March 11, 2017 and is uptrending. It has outperformed by 13.38% the S&P500.

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