WP Advisors LLC acquired a new position in Waters Co. (NYSE:WAT) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 520 shares of the medical instruments supplier’s stock, valued at approximately $131,000.

Other hedge funds have also recently made changes to their positions in the company. Athena Capital Advisors LLC acquired a new position in shares of Waters during the 4th quarter worth about $28,000. Rockland Trust Co. acquired a new position in shares of Waters during the 4th quarter worth about $38,000. Reilly Financial Advisors LLC grew its position in shares of Waters by 334.8% during the 4th quarter. Reilly Financial Advisors LLC now owns 200 shares of the medical instruments supplier’s stock worth $38,000 after buying an additional 154 shares during the period. Lindbrook Capital LLC acquired a new position in shares of Waters during the 4th quarter worth about $41,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of Waters during the 4th quarter worth about $64,000. Hedge funds and other institutional investors own 94.86% of the company’s stock.

Several research firms have recently issued reports on WAT. Zacks Investment Research lowered Waters from a “strong-buy” rating to a “hold” rating in a research report on Friday. TheStreet lowered Waters from a “b” rating to a “c+” rating in a research report on Thursday, December 20th. BTIG Research boosted their target price on Waters to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 24th. Barclays restated a “hold” rating and set a $200.00 target price on shares of Waters in a research report on Friday, January 25th. Finally, Robert W. Baird lowered Waters from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $191.00 to $211.00 in a research report on Thursday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $208.99.

Shares of WAT traded down $1.61 on Monday, hitting $249.27. The company’s stock had a trading volume of 5,697 shares, compared to its average volume of 475,152. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.28 and a current ratio of 5.93. Waters Co. has a fifty-two week low of $167.93 and a fifty-two week high of $255.21. The firm has a market capitalization of $17.74 billion, a PE ratio of 30.14, a P/E/G ratio of 2.48 and a beta of 1.19.

Waters (NYSE:WAT) last issued its quarterly earnings data on Wednesday, January 23rd. The medical instruments supplier reported $2.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.64 by $0.23. Waters had a return on equity of 34.18% and a net margin of 24.54%. The business had revenue of $715.00 million during the quarter, compared to analyst estimates of $702.74 million. During the same period in the previous year, the firm earned $2.51 EPS. Waters’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts predict that Waters Co. will post 9.35 EPS for the current fiscal year.

In other Waters news, SVP Elizabeth B. Rae sold 10,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $232.35, for a total value of $2,509,380.00. Following the sale, the senior vice president now owns 8,794 shares in the company, valued at approximately $2,043,285.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas P. Salice sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $231.59, for a total value of $463,180.00. Following the completion of the sale, the director now owns 20,010 shares in the company, valued at approximately $4,634,115.90. The disclosure for this sale can be found here. Insiders sold a total of 105,032 shares of company stock valued at $24,284,760 over the last quarter. 0.98% of the stock is owned by insiders.

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About Waters

Waters Corporation, a specialty measurement company, provides analytical workflow solutions in the United States, Europe, Asia, and internationally. It designs, manufactures, sells, and services high and ultra performance liquid chromatography technology, 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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