Waters Corp and IQVIA Holdings see institutional stake changes

PNC Financial Services Group increased its holding in Waters Corporation, buying 21,329 shares in the first quarter to own 40,612 shares worth about $12.1 million. Other investors, including Zions Bancorporation, SHP Wealth Management and Anchor Investment Management, also added modest positions in Waters.

Waters reported first‑quarter earnings of $2.70 per share on revenue of $1.27 billion, beating analysts’ estimates. The company’s market capitalization stands at roughly $36.8 billion.

Bradley Foster & Sargent reduced its stake in IQVIA Holdings by 13.5%, selling 11,532 shares and ending the quarter with 73,840 shares valued at $12.6 million. Meanwhile, Lombard Odier, the Healthcare of Ontario Pension Plan, Morningstar Investment Management and Arrowstreet Capital increased their holdings in IQVIA, which has a market value of about $34.8 billion.