Waters Co. (NYSE:WAT) Position Trimmed by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of Waters Co. (NYSE:WATFree Report) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,564 shares of the medical instruments supplier’s stock after selling 165 shares during the period. Private Advisor Group LLC’s holdings in Waters were worth $1,915,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WAT. Indiana Trust & Investment Management CO bought a new position in shares of Waters during the first quarter worth about $25,000. Riverview Trust Co bought a new position in shares of Waters during the first quarter worth about $28,000. Exchange Traded Concepts LLC bought a new position in shares of Waters during the fourth quarter worth about $35,000. VisionPoint Advisory Group LLC grew its position in shares of Waters by 300.0% during the third quarter. VisionPoint Advisory Group LLC now owns 144 shares of the medical instruments supplier’s stock worth $39,000 after acquiring an additional 108 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Waters during the fourth quarter worth about $39,000. Institutional investors own 94.01% of the company’s stock.

Insider Activity

In other Waters news, Director Richard H. Fearon bought 1,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $332.90 per share, for a total transaction of $332,900.00. Following the acquisition, the director now directly owns 1,653 shares of the company’s stock, valued at $550,283.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Richard H. Fearon acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average price of $332.90 per share, for a total transaction of $332,900.00. Following the completion of the acquisition, the director now owns 1,653 shares of the company’s stock, valued at approximately $550,283.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher A. Kuebler sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $361.64, for a total value of $1,446,560.00. Following the completion of the transaction, the director now owns 14,716 shares in the company, valued at approximately $5,321,894.24. The disclosure for this sale can be found here. 0.82% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of Waters from $330.00 to $332.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Evercore ISI reduced their price objective on shares of Waters from $320.00 to $300.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. TD Cowen upped their price objective on shares of Waters from $350.00 to $358.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Robert W. Baird reduced their price objective on shares of Waters from $319.00 to $312.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Finally, Barclays reduced their price objective on shares of Waters from $295.00 to $275.00 and set an “underweight” rating for the company in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $301.20.

View Our Latest Report on Waters

Waters Price Performance

Shares of NYSE WAT opened at $282.95 on Wednesday. Waters Co. has a twelve month low of $231.90 and a twelve month high of $367.21. The company has a current ratio of 1.94, a quick ratio of 1.30 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 4.55 and a beta of 0.95. The firm has a 50-day moving average of $313.20 and a two-hundred day moving average of $322.16.

Waters (NYSE:WATGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The medical instruments supplier reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.11. Waters had a net margin of 20.75% and a return on equity of 66.59%. The company had revenue of $636.80 million during the quarter, compared to analyst estimates of $635.57 million. During the same period in the prior year, the firm earned $2.49 earnings per share. The business’s quarterly revenue was down 7.0% on a year-over-year basis. As a group, analysts expect that Waters Co. will post 11.85 earnings per share for the current fiscal year.

About Waters

(Free Report)

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.

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Institutional Ownership by Quarter for Waters (NYSE:WAT)

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