As Coherent (COHR) Market Valuation Rose, United Services Automobile Association Has Decreased by $4.10 Million Its Position, Waters (WAT) Market Value Rose While Columbia Asset Management Increased by $565,480 Its Position



July 26, 2017 – By Marie Mckinney

Columbia Asset Management increased its stake in Waters Corp (WAT) by 203.28% based on its latest 2016Q4 regulatory filing with the SEC. Columbia Asset Management bought 4,220 shares as the company’s stock rose 13.72% with the market. The institutional investor held 6,296 shares of the laboratory analytical instruments company at the end of 2016Q4, valued at $846,000, up from 2,076 at the end of the previous reported quarter. Columbia Asset Management who had been investing in Waters Corp for a number of months, seems to be bullish on the $14.00 billion market cap company. The stock decreased 5.35% or $9.9 during the last trading session, reaching $175.11. About shares traded. Waters Corporation (NYSE:WAT) has risen 30.08% since July 26, 2016 and is uptrending. It has outperformed by 13.38% the S&P500.

United Services Automobile Association decreased its stake in Coherent Inc (COHR) by 36.71% based on its latest 2016Q4 regulatory filing with the SEC. United Services Automobile Association sold 29,960 shares as the company’s stock rose 26.93% with the market. The institutional investor held 51,655 shares of the capital goods company at the end of 2016Q4, valued at $7.10M, down from 81,615 at the end of the previous reported quarter. United Services Automobile Association who had been investing in Coherent Inc for a number of months, seems to be less bullish one the $6.94 billion market cap company. The stock decreased 0.82% or $2.26 during the last trading session, reaching $274.1. About shares traded. Coherent, Inc. (NASDAQ:COHR) has risen 187.82% since July 26, 2016 and is uptrending. It has outperformed by 171.12% the S&P500.

Analysts await Coherent, Inc. (NASDAQ:COHR) to report earnings on August, 1 after the close. They expect $3.45 earnings per share, up 283.33% or $2.55 from last year’s $0.9 per share. COHR’s profit will be $87.35M for 19.86 P/E if the $3.45 EPS becomes a reality. After $2.71 actual earnings per share reported by Coherent, Inc. for the previous quarter, Wall Street now forecasts 27.31% EPS growth.

United Services Automobile Association, which manages about $29.90B US Long portfolio, upped its stake in Evolent Health Inc by 162,100 shares to 359,090 shares, valued at $5.32M in 2016Q4, according to the filing. It also increased its holding in Bp Plc (NYSE:BP) by 100,030 shares in the quarter, for a total of 1.21M shares, and has risen its stake in Euronet Worldwide Inc (NASDAQ:EEFT).

Among 6 analysts covering Coherent (NASDAQ:COHR), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Coherent had 17 analyst reports since August 3, 2015 according to SRatingsIntel. Longbow maintained the stock with “Buy” rating in Wednesday, June 28 report. Stifel Nicolaus maintained Coherent, Inc. (NASDAQ:COHR) on Monday, January 9 with “Buy” rating. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Tuesday, January 3 by Stifel Nicolaus. The firm earned “Neutral” rating on Wednesday, February 15 by Susquehanna. The rating was maintained by Benchmark on Monday, May 23 with “Buy”. The rating was maintained by Benchmark on Thursday, July 20 with “Buy”. Benchmark maintained the stock with “Buy” rating in Thursday, November 10 report. Stifel Nicolaus maintained Coherent, Inc. (NASDAQ:COHR) on Friday, January 29 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, March 7 report. TheStreet downgraded the stock to “Buy” rating in Wednesday, September 2 report.

Since February 1, 2017, it had 0 insider buys, and 15 selling transactions for $22.11 million activity. The insider SOBEY MARK STEWART sold 4,904 shares worth $1.19 million. SKAGGS STEPHEN A had sold 500 shares worth $124,740 on Monday, May 15. VIJ SANDEEP sold $3.42M worth of stock or 14,000 shares. $388,000 worth of Coherent, Inc. (NASDAQ:COHR) shares were sold by FLATLEY JAY T. Another trade for 3,500 shares valued at $671,732 was sold by JAMES SUSAN M.. 2,903 shares were sold by DiMarco Bret, worth $653,175 on Friday, May 5.

Investors sentiment decreased to 1.05 in Q4 2016. Its down 0.03, from 1.08 in 2016Q3. It fall, as 21 investors sold COHR shares while 96 reduced holdings. 58 funds opened positions while 65 raised stakes. 22.39 million shares or 0.42% less from 22.48 million shares in 2016Q3 were reported. California Public Employees Retirement System holds 53,800 shares. Virginia Retirement Et Al reported 9,400 shares. Moreover, Daiwa Securities Group Inc has 0% invested in Coherent, Inc. (NASDAQ:COHR). Wellington Gru Llp, a Massachusetts-based fund reported 779,931 shares. State Street Corporation stated it has 0.01% in Coherent, Inc. (NASDAQ:COHR). Principal Fincl Inc has 194,406 shares for 0.03% of their portfolio. Nordea Ab owns 10,287 shares. Dimensional Fund Advsrs Lp has invested 0.08% in Coherent, Inc. (NASDAQ:COHR). Moreover, Kames Public Limited Com has 0% invested in Coherent, Inc. (NASDAQ:COHR). Central Securities stated it has 411,000 shares. Renaissance Tech Limited Liability Company holds 0.01% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 37,700 shares. Wells Fargo & Mn has 465,419 shares for 0.02% of their portfolio. Assetmark reported 47,711 shares stake. Panagora Asset Management owns 0.11% invested in Coherent, Inc. (NASDAQ:COHR) for 174,210 shares. Oak Ridge Investments Limited Liability Company stated it has 0.08% in Coherent, Inc. (NASDAQ:COHR).

Another recent and important Coherent, Inc. (NASDAQ:COHR) news was published by Prnewswire.com which published an article titled: “Coherent Announces the Appointment of Pamela Fletcher to the Board of Directors” on July 05, 2017.

Columbia Asset Management, which manages about $354.79M and $296.23 million US Long portfolio, decreased its stake in B E Aerospace Inc (NASDAQ:BEAV) by 7,025 shares to 1,875 shares, valued at $113,000 in 2016Q4, according to the filing. It also reduced its holding in Dow Chemical Company (NYSE:DOW) by 26,717 shares in the quarter, leaving it with 174,218 shares, and cut its stake in Borg Warner Inc (NYSE:BWA).

Since February 3, 2017, it had 0 insider buys, and 20 selling transactions for $44.09 million activity. King Ian had sold 11,199 shares worth $1.95M. TERRICCIANO DAVID sold $4.05 million worth of Waters Corporation (NYSE:WAT) on Thursday, February 9. On Friday, May 12 the insider SILVEIRA MICHAEL F sold $106,807. Another trade for 16,000 shares valued at $2.84M was sold by Rae Elizabeth B. Another trade for 4,800 shares valued at $843,720 was made by GLIMCHER LAURIE H M.D. on Friday, May 19. The insider Harrington Michael C sold 24,000 shares worth $4.21M.

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.20, from 1.2 in 2016Q3. It worsened, as 47 investors sold WAT shares while 166 reduced holdings. 61 funds opened positions while 153 raised stakes. 72.18 million shares or 1.11% more from 71.39 million shares in 2016Q3 were reported. Highstreet Asset has invested 0.15% in Waters Corporation (NYSE:WAT). Blackrock Fund Advsrs accumulated 1.88 million shares. Public Employees Retirement Association Of Colorado invested in 15,604 shares or 0.02% of the stock. Lazard Asset Mgmt Lc owns 60,292 shares. Schaper Benz Wise Investment Counsel Incorporated Wi has invested 3.25% in Waters Corporation (NYSE:WAT). Peak6 Ltd Partnership stated it has 0% of its portfolio in Waters Corporation (NYSE:WAT). Cibc Ww Markets accumulated 0.01% or 5,554 shares. Bokf Na invested in 0.11% or 24,013 shares. Chilton Investment Co Limited Com holds 0.03% of its portfolio in Waters Corporation (NYSE:WAT) for 4,666 shares. Moreover, Cibc Asset Management Incorporated has 0.01% invested in Waters Corporation (NYSE:WAT) for 8,267 shares. Invesco Ltd holds 0.03% in Waters Corporation (NYSE:WAT) or 717,088 shares. Moreover, Victory Cap Mgmt has 0% invested in Waters Corporation (NYSE:WAT). Hl Serv Lc invested in 0.12% or 40,966 shares. 1,793 are held by Gideon Cap Inc. Timber Hill Ltd Liability Com invested 0% of its portfolio in Waters Corporation (NYSE:WAT).

Among 13 analysts covering Waters Corporation (NYSE:WAT), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 31% are positive. Waters Corporation had 29 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Waters Corporation (NYSE:WAT) earned “Buy” rating by Cantor Fitzgerald on Thursday, August 27. The company was upgraded on Wednesday, July 29 by Wells Fargo. As per Monday, July 10, the company rating was downgraded by Deutsche Bank. The firm has “Hold” rating by Zacks given on Wednesday, August 26. The company was maintained on Wednesday, July 27 by Barclays Capital. The rating was maintained by Jefferies with “Hold” on Thursday, July 13. The rating was maintained by Mizuho on Wednesday, July 29 with “Neutral”. As per Wednesday, July 27, the company rating was maintained by Citigroup. The firm has “Buy” rating by Bank of America given on Thursday, September 10. The rating was downgraded by Bank of America on Tuesday, April 5 to “Neutral”.

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