Dynamic Advisor Solutions LLC Buys 1,791 Shares of Waters Co. (NYSE:WAT)

Dynamic Advisor Solutions LLC increased its stake in Waters Co. (NYSE:WATFree Report) by 22.4% during the first quarter, Holdings Channel reports. The firm owned 9,769 shares of the medical instruments supplier’s stock after acquiring an additional 1,791 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Waters were worth $3,363,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WAT. Riverview Trust Co acquired a new stake in shares of Waters during the first quarter valued at about $28,000. Global Assets Advisory LLC acquired a new stake in shares of Waters during the first quarter valued at about $3,558,000. CHICAGO TRUST Co NA acquired a new stake in shares of Waters during the first quarter valued at about $242,000. Armstrong Henry H Associates Inc. boosted its stake in shares of Waters by 0.4% during the first quarter. Armstrong Henry H Associates Inc. now owns 10,819 shares of the medical instruments supplier’s stock valued at $3,724,000 after purchasing an additional 40 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Waters during the first quarter valued at about $209,000. 94.01% of the stock is owned by institutional investors and hedge funds.

Waters Stock Down 0.8 %

Shares of NYSE:WAT traded down $2.25 during mid-day trading on Tuesday, hitting $287.02. 137,910 shares of the company traded hands, compared to its average volume of 446,289. The stock has a market cap of $17.03 billion, a P/E ratio of 28.40, a P/E/G ratio of 4.62 and a beta of 0.97. The company has a current ratio of 1.94, a quick ratio of 1.30 and a debt-to-equity ratio of 1.60. Waters Co. has a 12-month low of $231.90 and a 12-month high of $367.21. The stock has a 50-day moving average price of $317.68 and a two-hundred day moving average price of $324.44.

Waters (NYSE:WATGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The medical instruments supplier reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.11. Waters had a return on equity of 66.59% and a net margin of 20.75%. The business had revenue of $636.80 million for the quarter, compared to analysts’ expectations of $635.57 million. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The business’s revenue was down 7.0% on a year-over-year basis. On average, equities research analysts forecast that Waters Co. will post 11.85 earnings per share for the current year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WAT. TD Cowen raised their price objective on Waters from $350.00 to $358.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Stifel Nicolaus lifted their target price on Waters from $330.00 to $332.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Jefferies Financial Group initiated coverage on Waters in a report on Monday, June 3rd. They set a “hold” rating and a $320.00 price objective for the company. Barclays decreased their price objective on Waters from $300.00 to $295.00 and set an “underweight” rating for the company in a report on Wednesday, May 8th. Finally, Evercore ISI boosted their price objective on Waters from $320.00 to $340.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $307.20.

Get Our Latest Stock Analysis on WAT

Waters Company Profile

(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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